https://www.taxtmi.com/caselaws?id=296774 The High Court stayed the order directing the applicant, an authorized signatory of a company, to deposit 20% of the cheque amount as interim compensation under Section 143-A of the Negotiable Instruments Act. The Court noted the distinction between the applicant and the company as the drawer of the cheque, emphasizing that the company, under the Interim Resolution Professional, would be responsible for any payments. The Court issued notice to respondents, stayed the impugned order, and directed parties to maintain the status quo until the next hearing. en-us Mon, 26 Oct 2020 00:00:00 +0530 Sat, 27 Nov 2021 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296774 The High Court stayed the order directing the applicant, an authorized signatory of a company, to deposit 20% of the cheque amount as interim compensation under Section 143-A of the Negotiable Instruments Act. The Court noted the distinction between the applicant and the company as the drawer of the cheque, emphasizing that the company, under the Interim Resolution Professional, would be responsible for any payments. The Court issued notice to respondents, stayed the impugned order, and directed parties to maintain the status quo until the next hearing. Case-Laws Indian Laws Mon, 26 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296774