A circular no. c. 2619/2018 was issued by High court in exercise of the power under Article 227 of the Constitution of India, by issuing directions for cases u/s 138 N I Act, in which it is written that interest between 6% to 9% p.a. in addition to face amount of cheque should be got given to complainant. According to me, this is against Section 80 of N I Act in which it is written @ 18 p.a.
Please let me know whether Am I correct?
If challenged where in Supreme Court or High court under which section?
