Cheque Bounce Advice (NI Act Sec 138)Statutory Procedure FAQ (New Delhi) • Statutory Reference
Interim compensation and stay procedure in Section 138 NI Act cheque bounce complaint
A commercial cheque of INR 18 Lakhs was dishonored due to stop-payment instructions. Statutory notice period of 15 days expired...
✓ Answered by Supreme Court & High Court Research Desk (Statutory Procedure Reference)
Under Section 143A of the Negotiable Instruments Act, the trial court may direct up to 20% interim compensation upon framing of notice. Ensure certified copy of any High Court stay is filed immediately.