https://www.taxtmi.com/caselaws?id=751487 Section 148 of the Negotiable Instruments Act, 1881 is treated as a purposive provision in cheque dishonour appeals to curb delay and secure interim protection during pendency. The appellate court should ordinarily direct deposit of not less than 20% of the fine or compensation, with departure permitted only for special reasons. The note says that refusal to stay recovery of the entire fine and an automatic cancellation of bail for non-deposit were inconsistent with the statutory scheme. It also records that supervisory interference may be used to modify such an order and preserve bail pending disposal of the appeal. en-us Tue, 02 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751487 Section 148 of the Negotiable Instruments Act, 1881 is treated as a purposive provision in cheque dishonour appeals to curb delay and secure interim protection during pendency. The appellate court should ordinarily direct deposit of not less than 20% of the fine or compensation, with departure permitted only for special reasons. The note says that refusal to stay recovery of the entire fine and an automatic cancellation of bail for non-deposit were inconsistent with the statutory scheme. It also records that supervisory interference may be used to modify such an order and preserve bail pending disposal of the appeal. Case-Laws Indian Laws Tue, 02 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751487