Case Law Analysis
|Uttarakhand High Court
Section 148 NI Act Deposit Is Directory, Not Mandatory | Sets Aside Non-Speaking Order, Remands for Waiver : Uttarakhand HC
The Court held that the 20% deposit under Section 148 NI Act is directory, not mandatory. It set aside the non-speaking order and remanded for a fresh waiver application to be decided within 15 days by a reasoned speaking order.