Cheque Dishonor | Conviction Alone Not Sufficient For Appellate Court To Seek 20% Deposit, Must Consider Attending Circumstances: Delhi High Court

The Delhi High Court has recently provided important clarification regarding the deposit requirement under Section 148 of the Negotiable Instruments Act in cases of conviction under Section 138 of the NI Act. In its judgment, the Court observed that a conviction for dishonour of cheque alone is not sufficient grounds for the Appellate Court to direct the accused to deposit 20% of the fine or compensation as required under Section…