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Court: Section 143-A of Negotiable Instruments Act allows for up to 20% interim compensation in cheque dishonor cases.

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Full Text of the Document

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....Dishonor of cheque - payment of interim compensation are mandatory or directory? - the provisions of Section 143-A of the N.I. Act are directory and not mandatory - The Court has to record reasons for determining the quantum of interim compensation, if it comes to the conclusion based upon the fact position availing, that it is a case which deserves award of interim compensation, which can be anywhere upto 20% of the cheque amount. - HC....

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