https://www.taxtmi.com/caselaws?id=314378 Section 148 of the Negotiable Instruments Act gives the appellate court a statutory discretion to require deposit of fine or compensation pending appeal, or to waive that deposit, but the choice must be supported by recorded reasons. Where deposit is ordered, the court cannot fix an amount below the statutory minimum. Any direction requiring deposit above that minimum needs additional reasons justifying the enhanced burden. The text emphasises that the power is not mechanical and must be exercised consistently with the object of the amended provision. en-us Thu, 21 Mar 2024 00:00:00 +0530 Tue, 04 Jun 2024 19:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314378 Section 148 of the Negotiable Instruments Act gives the appellate court a statutory discretion to require deposit of fine or compensation pending appeal, or to waive that deposit, but the choice must be supported by recorded reasons. Where deposit is ordered, the court cannot fix an amount below the statutory minimum. Any direction requiring deposit above that minimum needs additional reasons justifying the enhanced burden. The text emphasises that the power is not mechanical and must be exercised consistently with the object of the amended provision. Case-Laws Indian Laws Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314378