S. 148 NI Act , Appellate Court May Waive Minimum 20% Fine Deposit in Exceptional Cases: Andhra Pradesh High Court
In a recent judgment, the High Court of Andhra Pradesh, presided over by Hon'ble Justice B.V.L.N. Chakravarthi, addressed the issue surrounding Section 148 of the Negotiable Instruments Act, 1881, concerning the deposit of compensation pending appeal against a conviction. Detailed Case Background: 1. Parties Involved: - Petitioner/Accused: Chilakala Sreenivasulu, aged 45 years, residing at Flat No. H-6, Vora Towers, Madhura Nagar, Yousufguda, Hyderabad. - Respondent/Complainant: Chakali Sreenivasulu, aged 47 years,…
