https://www.taxtmi.com/highlights?id=86601 The HC allowed the petition challenging the ASJ's orders requiring deposit of 20% compensation under Section 148 of the NI Act. The Court found that the ASJ's reasoning was insufficient, as neither the NI Act's presumptions nor the petitioner's conviction by the MM constituted adequate grounds for mandating the deposit at the appeal's threshold. The Court determined that requiring such deposit would effectively prejudge the pending appeal. The HC concluded that the ASJ failed to provide clear findings regarding whether the petitioner had established exceptional circumstances warranting waiver of the deposit requirement, rendering the impugned orders inadequate in their reasoning and justification. en-us Tue, 18 Mar 2025 12:21:53 +0530 Tue, 18 Mar 2025 12:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86601 The HC allowed the petition challenging the ASJ's orders requiring deposit of 20% compensation under Section 148 of the NI Act. The Court found that the ASJ's reasoning was insufficient, as neither the NI Act's presumptions nor the petitioner's conviction by the MM constituted adequate grounds for mandating the deposit at the appeal's threshold. The Court determined that requiring such deposit would effectively prejudge the pending appeal. The HC concluded that the ASJ failed to provide clear findings regarding whether the petitioner had established exceptional circumstances warranting waiver of the deposit requirement, rendering the impugned orders inadequate in their reasoning and justification. Highlights Indian Laws Tue, 18 Mar 2025 12:21:53 +0530 https://www.taxtmi.com/highlights?id=86601