The negotiable instruments act

This query is : Resolved

Amarjit (Querist)
22 July 2019

22 July 2019 Dear Sir/Madam,

In The Negotiable Instruments Act.

The Negotiable Instruments Act, Amendment 2nd August 2018 (No.20 of 2018)

Question

Is this 20% compensation law applicable to cases filed after 2nd August, 2018 or is it applicable to all cases prior to this date also ?

Ref

http://judgmenthck.kar.nic.in/judgmentsdsp/bitstream/123456789/255299/1/CRLRP425-18-18-02-2019.pdf

Regards
Amarjit

A. A. JOSE (Expert)
23 July 2019

23 July 2019 The judgement of the Hon'ble High Court of Karnataka is self-explanatory on the point raised by you and the HC has righly exercised its power.

A. A. JOSE (Expert)
23 July 2019

23 July 2019 The judgement of the Hon'ble High Court of Karnataka is self-explanatory on the point raised by you and the HC has rightly exercised its power.

Amarjit (Querist)
23 July 2019

23 July 2019 Sir,

That means its applicable to all case prior to this date.

Regards

Hemant Agarwal (Expert)
23 July 2019

23 July 2019 1. Yes. The amendment of 20% compensation, under N.I.Act, is applicable with retrospective effect (it is surprising), for old cases as well.

Keep Smiling .... Hemant Agarwal
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