https://www.taxtmi.com/caselaws?id=458256 Gujarat HC quashed trial court's order granting 20% interim compensation under Section 143A of Negotiable Instruments Act, 1881. The trial court failed to provide reasons for awarding maximum 20% compensation instead of lower percentage within 1-20% range. HC held that discretionary powers must be exercised with proper reasoning, and non-speaking orders violate natural justice principles. The matter was remanded to trial court with directions to decide the application within 30 days with adequate reasons. Appeal allowed by way of remand. en-us Tue, 14 Mar 2023 00:00:00 +0530 Thu, 17 Oct 2024 20:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458256 Gujarat HC quashed trial court's order granting 20% interim compensation under Section 143A of Negotiable Instruments Act, 1881. The trial court failed to provide reasons for awarding maximum 20% compensation instead of lower percentage within 1-20% range. HC held that discretionary powers must be exercised with proper reasoning, and non-speaking orders violate natural justice principles. The matter was remanded to trial court with directions to decide the application within 30 days with adequate reasons. Appeal allowed by way of remand. Case-Laws Indian Laws Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458256