Section 143A NI Act | Interim Compensation To Complainant In Cheque Bounce Case Introduced In 2018 Amendment Is Prospective: Rajasthan HC

The Rajasthan High Court addressed the retrospective application of Section 143A of the Negotiable Instruments Act in a case related to dishonored cheques. The Court ruled that the provision for the interim compensation under Section 143A could not be applied retrospectively. It clarified that the law, as it stands, cannot impose new legal obligations on individuals for events that occurred before the provision was enacted. The decision provided clarity on the scope and limitations of Section 143A, ensuring that its application aligns with the principles of fairness and legal certainty.