Appellate Court Must Justify Waiver or Deposit of Minimum 20% Fine under Section 148 of NI Act: Kerala High Court Rules

In a recent landmark judgment, the Supreme Court provided clarity on the interpretation of Section 148 of the Negotiable Instruments Act, 1881, pertaining to the power of an Appellate Court to order payment pending an appeal against conviction. Case Background: The case involved two separate matters before the High Court of Kerala at Ernakulam. P. Sreenivasan and Sini Shelly were the petitioners, challenging orders passed by the Sessions Court regarding…