Interim Compensation under Section 143A of Negotiable Instruments Act, What Madras HC held

Interim Compensation under Section 143A of Negotiable Instruments Act, What Madras HC held

The Madras High Court recently highlighted that a court cannot pass an order directing a person accused of an offence under the Negotiable Instruments Act, 1888 to pay interim compensation to the complainant unless it is supported by reasons. Further, applying the principles laid down in the Supreme Court case of Surinder Singh Deswal @ Col SS Deswal and others v. Virender Gandhi, the Court also noted that provision dealing with the same, i.e. Section 143A of the Negotiable Instruments Act, would be applicable to proceedings pending at the time of its introduction as well.

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