https://www.taxtmi.com/caselaws?id=765365 Rajasthan HC held that Section 143A of the Negotiable Instruments Act, 1881, which provides for interim compensation up to 20% of cheque amount in dishonour cases, applies prospectively only. Following SC precedent in G.J. Raja vs. Tejraj Surana, the court ruled that Section 143A cannot be applied retrospectively to complaints filed before its enactment on 01.09.2018, as no such provision existed previously. The petition was allowed, establishing that amended provisions apply only to post-amendment complaints. en-us Thu, 16 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765365 Rajasthan HC held that Section 143A of the Negotiable Instruments Act, 1881, which provides for interim compensation up to 20% of cheque amount in dishonour cases, applies prospectively only. Following SC precedent in G.J. Raja vs. Tejraj Surana, the court ruled that Section 143A cannot be applied retrospectively to complaints filed before its enactment on 01.09.2018, as no such provision existed previously. The petition was allowed, establishing that amended provisions apply only to post-amendment complaints. Case-Laws Indian Laws Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765365