In a significant ruling, the Delhi High Court has held that the condition of depositing 20% of the compensation amount under Section 148 of the Negotiable Instruments Act (NI Act) cannot be imposed in a mechanical manner and must be backed by reasoned justification. Justice Saurabh Banerjee, while deciding two petitions filed by Anuj Ahuja
Deposit Condition Under NI Act Cannot Be Imposed Mechanically, Requires Reasoned Justification: Delhi High Court
