Interim Compensation Under NI Act Is Discretionary, Financial Distress of Accused Must Be Considered: Punjab & Haryana High Court

In a recent ruling, the Supreme Court provided significant insights into the provisions of the Negotiable Instruments Act, specifically focusing on Section 143A. This section pertains to the interim compensation for the payee in cases of dishonor of cheques, outlining the court's discretion in such matters. The decision emphasizes the need for a careful evaluation of both the complainant's case and the accused's defense before granting any interim compensation. Case…