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How To Get Interim Compensation Under Section 143A of NI Act by amanashish263 is a document available to read on EtoBox.
Section 143A of the Negotiable Instruments Act allows courts to order interim compensation of up to 20% of the cheque amount to the complainant before the case is resolved. The accused must pay this amount within 60 days, with a possible extension of 30 days if justified. If the accused is acquitted, the interim compensation must be returned with interest as per RBI rules.
- Author
- amanashish263
- Language
- EN