Section 143A of NI Act Applies Prospectively, Not Retroactively to Pre-Amendment Cheque Bounce Cases: Rajasthan HC

The Rajasthan High Court, in a landmark decision delivered by Justice Anoop Kumar Dhand, ruled that Section 143A of the Negotiable Instruments Act, 1881, which empowers courts to direct interim compensation in cheque dishonor cases, applies prospectively and cannot be applied to cases filed before its introduction on September 1, 2018. The court emphasized that

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