Section 143A NI Act Enabling Court For Payment Of Interim Compensation To Complainant Has Retrospective Application? SC Issues Notice [Read Order]

The Supreme Court has issued notice in a special leave petition which raises the issue whether Section 143-A in the Negotiable Instruments Act, has retrospective application or not? This provision, which was introduced last year by an amendment, gives power to the Trial Court to direct the accused to 'pay' an interim compensation which cannot be more than 20% of the 'cheque...