
Case Law Analysis
|Bombay High Court
Section 148 NI Act | Appellate Courts Must Record Reasons for Exceeding 20% Compensation Deposit: Bombay HC
Bombay High Court reinforces that appellate courts cannot arbitrarily exceed the 20% compensation deposit under Section 148 of the Negotiable Instruments Act without recording specific reasons. The ruling mandates judicial accountability in cheque bounce appeals, ensuring fairness for appellants facing higher financial burdens.
