Related to ni act - appeal

Ravichandra (Querist) 06 June 2024 This query is : Resolved
Sir

This is in continuation to my earlier query placed in this forum

If I win a NI act case and the accused party goes for appeal how much he has to pay initially ?

Once I heard that 20% of the cheque amount he has to give.

These days I am hearing that in addition to that 20% amount some extra 9% interest ruling came from supreme court. can some one throw light on it.

PLEASE PLEASE PLEASE

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Quick Summary

This discussion addresses questions about the initial payment required when an accused party appeals a case under the NI Act. The user is seeking clarification on whether the accused must pay 20% of the cheque amount and if a recent Supreme Court ruling on an additional 9% interest applies universally. Another user clarifies that such rulings are often case-specific and not mandatory for all appeals, advising focus on securing a favourable judgment first.

T. Kalaiselvan, Advocate (Expert) 06 June 2024
The information what you are discussing about is just a news relating to the case to which this ruling was decided.
It is not a mandatory provision that it will apply for all the cases.
You may concentrate on your case alone and first get a judgment in your favor.

P. Venu (Expert) 07 June 2024
Yes, the query is too speculative.

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