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It is no doubt true that the Negotiable Instruments Act, 1881 had been introduced with the noble regard to regulate the law related to promissory notes, bills of exchange and cheques. This Act was amended time and again whenever there were intricacies . Now, an amendment to the Act has been passed by introducing the Negotiable Instruments (Amendment) Bill, 2017 which was given Presidential assent on the 2nd of August 2018 and thus the Negotiable Instruments (Amendment) Act, 2018 (“Amendment Act“) has come into existence.

The introduction of Section 143A and Section 148. Section 143A provides interim compensation during the pendency of the criminal complaint and the Section 148 in criminal appeal.

#NIAct #interimcompensation #interim #compensation #Amendments


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