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Supreme Court Clarifies: Interim Compensation in Cheque Dishonour Cases Under S.143A NI Act Not Mandatory

16 Mar 2024 2 min read
Supreme Court Clarifies: Interim Compensation in Cheque Dishonour Cases Under S.143A NI Act Not Mandatory

Supreme Court Sets Precedent on Interim Compensation under Section 143A of the Negotiable Instruments Act, 1881 In a landmark judgment, the Supreme Court of India has clarified the interpretation and application of Section 143A of the Negotiable Instruments Act, 1881 regarding interim compensation in cases of dishonored cheques. The case, titled Rakesh Ranjan Shrivastava v. The State of Jharkhand & Anr., sheds light on crucial aspects of the law pertaining…

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