NI Act: Section 148 Has Retrospective Application, But 143A Is Prospective, Reiterates SC [Read Judgment]

The Supreme Court has reiterated that Section 148 of the Negotiable Instruments Act is retrospective, while Section 143A is not. In this case, the accused was convicted for the offence under Section 138 of the N.I. Act. The Appellate Court required them to deposit 25% of the amount of compensation/fine imposed by the trial Court, pending appeals challenging the order of conviction and...