SOLAR4MAX.COM VS OXIDE POWER PRODUCT PVT.LTD
- Court
- Rajasthan High Court
- Bench
- Jaipur
- Date
- 31 Jan 2020
- Citation / case number
- CRLMP / 6765 / 2019
Summary
Section 143A and 148 of Negotiable Instruments Act- Section 143A & 148 provides for grant of interim compensation. However, it does not entail any consequences and the provisions do not state that non-compliance would have a particular result. In facts of each case, the period of depositing the amount can always be extended as the purpose in making the amendment is essentially to grant relief to the aggrieved party by immediate compensation of payment of 20% of the total value of the cheque.
Details are as published by the court or dataset. Read the court's copy before relying on or citing this judgment.