2023 (11) TMI 746

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....RDER Petitioner has filed this petition under Section 482 of the Code of Criminal Procedure challenging order dated 24.12.2018 by which trial Court has directed the accused to deposit interim compensation under Section 143-A(2) of the Negotiable Instruments Act, 1881. 2. Learned counsel appearing for the petitioner submitted that amendment was brought into force on 01.09.2018. Complaint case....

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....ing shown by the drawer of the cheque. Section 143(4) lays down that if drawer of cheque is acquitted, Court shall direct the complainant to repay to the drawer the amount of interim compensation with interest at the bank rate as published by the Reserve Bank of India, prevalent at the beginning of the relevant financial years, within sixty days from the date of the order. 5. At this stage, cou....

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....ell as the High Court are required to be set aside. The money deposited by the appellant, pursuant to the interim direction passed by this Court, shall be returned to the appellant along with interest accrued thereon within two weeks from the date of this order." 6. Since, application of Section 143-A of the Negotiable Instruments (Amendment) Act, 2018 (20 of 2018) was held to be prospective in....