Check bounce appeal – how much amount to be deposited?

[Dr. Ashok Dhamija]

Recently, with effect from 2 August 2018, the Negotiable Instruments Act has been amended and two sections 143A and 148 have been inserted in this Act. You can see these new sections at this link.

As per the newly inserted Section 148, in an appeal by the drawer against conviction under section 138, the Appellate Court may order the appellant to deposit a minimum of 20% of the fine or compensation awarded by the trial Court. It is provided that this amount shall be in addition to any interim compensation paid by the appellant under section 143A of the Act. This amount is required to be deposited within 60 days from the date of the order, or within such further period not exceeding 30 days as may be directed by the Court on sufficient cause being shown by the appellant.

     

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Dr. Ashok Dhamija is a New Delhi based Supreme Court Advocate and author of law books. Read more about him by clicking here. List of his Forum Replies. List of his other articles. List of his Quora Answers. List of his YouTube Videos.

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