2022 (1) TMI 1262 - SCH - Indian Laws

Dishonor of cheque - Section 143A of the Negotiable Instruments Act is discretionary power - HELD THAT - The direction to deposit 20% of the amount is perfectly justified. As such, in the facts and circumstances of the case, there are no ground to interfere with the order impugned in this petition. The special leave petition stands dismissed.

Summary

The Supreme Court of India upheld the order under Section 143A of the Negotiable Instruments Act, directing a 20% deposit. The special leave petition was dismissed, and any pending applications were disposed of accordingly.