HC dismissed a petition seeking interim compensation u/s 143A of the NI Act for dishonour of cheque....

HC dismissed a petition seeking interim compensation u/s 143A of the NI Act for dishonour of cheque. Court clarified that the power to order interim compensation is discretionary and not a right. Petitioner alleged payment of Rs.20 lacs to respondent without lawful consideration, lacking proof or written agreement. Court held that discretion under u/s 143A can be interfered with only if found perverse or unreasonable. Not sitting as Court of Appeal against Trial Court's order. Petition dismissed for lack of merit. .....

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