When an appellate court orders a deposit under section 148(1) of the Negotiable Instruments Act, 1881…
When a deposit is ordered under section 148(1), the statutory floor is 20% of the trial court's fine or compensation. The deposit is additional to interim compensation…
Choose your answer
When an appellate court orders a deposit under section 148(1) of the Negotiable Instruments Act, 1881 in the drawer's appeal against a section 138 conviction, what statutory minimum applies?
Answer and explanation
Correct answer A
When a deposit is ordered under section 148(1), the statutory floor is 20% of the trial court's fine or compensation. The deposit is additional to interim compensation already paid under section 143A.
Option feedback
Option A
Section 148(1) sets a 20% floor and its proviso makes the deposit additional to interim compensation.
Option B
Section 148(1) sets the floor at 20%, even though the deposit is additional to interim compensation.
Option C
The floor is 20%, and the section 143A payment does not count toward it.
Option D
The floor is 20%, and the deposit is separate from any section 143A payment.
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