
Section 148 NI Act | 20% Deposit Condition May Be Reduced to 10% for Petitioners Facing Severe Financial Hardship & Health Crisis: Andhra Pradesh HC
The Andhra Pradesh High Court has ruled that courts may reduce the mandatory 20% deposit under Section 148 of the Negotiable Instruments Act to 10% when the accused demonstrates compelling financial distress and serious health conditions that impair livelihood. This sets a precedent for judicial discretion in cheque bounce cases, balancing creditor rights with constitutional protections against disproportionate hardship.
