19 Feb 2026 14:02 PM
Punjab & Haryana High Court
Punjab & Haryana High Court

Dishonour of Cheque--Deposit of 20% Compensation Under Section 148 of the NI Act Is General Rule at Appellate Stage; Waiver Permissible In Exceptional Circumstances

Direction to deposit a minimum of 20% of the compensation amount under Section 148 of the Negotiable Instruments Act is the general rule when an appeal is preferred against conviction under Section 138. The discretion conferred by the word "may" is structured and not absolute. .

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