https://www.taxtmi.com/caselaws?id=410671 The Court upheld the Magistrate's order directing the petitioners, as authorized signatories and directors of the company issuing the dishonored cheque, to pay 20% of the cheque amount as interim compensation under Section 143A of the Negotiable Instruments Act, 1881. The Court dismissed the petition due to the petitioners' delay in challenging the order and their failure to comply with the compensation directive, emphasizing their liability under the law despite their arguments to the contrary. en-us Mon, 26 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410671 The Court upheld the Magistrate's order directing the petitioners, as authorized signatories and directors of the company issuing the dishonored cheque, to pay 20% of the cheque amount as interim compensation under Section 143A of the Negotiable Instruments Act, 1881. The Court dismissed the petition due to the petitioners' delay in challenging the order and their failure to comply with the compensation directive, emphasizing their liability under the law despite their arguments to the contrary. Case-Laws Indian Laws Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410671