Case Law Analysis
|Rajasthan High Court
Section 148 NI Act | Repeal of 2018 Amendment Voids Pre-Deposit Condition for Appeals : Rajasthan HC
Rajasthan High Court rules that the repeal of the 2018 amendment to Section 148 of the Negotiable Instruments Act nullifies the mandatory pre-deposit condition for appeals. The judgment sets a precedent for all pending cheque bounce cases where appellants were required to deposit 20% of the fine or compensation under the now-repealed provision.