High Court of Karnataka Quashes Condition of Pre-Deposit in NI Act Revision — Section 148 Amendment Not Retrospective for Pending Appeals. The court held that the amendment to Section 148 of the Negotiable Instruments Act, 1881, which mandates a minimum pre-deposit of 20% of the cheque amount for filing an appeal, does not apply retrospectively to revisions pending on the date of amendment, and the revisional court must consider the accused's financial circumstances before imposing any condition.
28 Jul 2023The petitioner, Sanjay P.S., was the accused in a complaint under Section 138 of the Negotiable Instruments Act, 1881, filed by the respondent, Abhish...
