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    <title>2024 (4) TMI 719 - Supreme Court</title>
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    <description>Section 143A(1) of the Negotiable Instruments Act is directory, not mandatory, because the use of &quot;may&quot; and the pre-conviction nature of interim compensation indicate judicial discretion rather than an automatic obligation. Interim compensation under Section 143A can be ordered only after a prima facie assessment of the complainant&#039;s case and the accused&#039;s defence; the rebuttable presumption under Section 139 alone is insufficient. Relevant considerations include the plausibility of the defence, the financial condition of the accused, the nature of the transaction, the parties&#039; relationship, and other case-specific circumstances, with brief reasons recorded. The impugned orders were set aside and the application remitted for fresh consideration.</description>
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    <pubDate>Fri, 15 Mar 2024 00:00:00 +0530</pubDate>
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      <title>2024 (4) TMI 719 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=751538</link>
      <description>Section 143A(1) of the Negotiable Instruments Act is directory, not mandatory, because the use of &quot;may&quot; and the pre-conviction nature of interim compensation indicate judicial discretion rather than an automatic obligation. Interim compensation under Section 143A can be ordered only after a prima facie assessment of the complainant&#039;s case and the accused&#039;s defence; the rebuttable presumption under Section 139 alone is insufficient. Relevant considerations include the plausibility of the defence, the financial condition of the accused, the nature of the transaction, the parties&#039; relationship, and other case-specific circumstances, with brief reasons recorded. The impugned orders were set aside and the application remitted for fresh consideration.</description>
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      <pubDate>Fri, 15 Mar 2024 00:00:00 +0530</pubDate>
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