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High Court Quashes Order for 20% Interim Compensation on Cheque Dishonor, Citing Section 143A of Negotiable Instruments Act.

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....Dishonor of Cheque - demand of interim compensation not exceeding 20% of cheque amount - The trial court was required to consider only the facts and circumstances of the case which concerns the applicant wherein non-bailable warrant was issued - Taking into consideration the said provisions of Section 143A of the Negotiable Instruments Act, the order of Revision Court directing the applicant to pay 20% of the cheque amount is against the provisions of law; hence the same deserves to be quashed and set aside - HC....

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High Court Quashes Order for 20% Interim Compensation on Cheque Dishonor, Citing Section 143A of Negotiable Instruments Act.