Amendment of negotiable instrument act
finpro consultants
(Querist) 31 July 2018
This query is : Resolved
My querry is related newly inserted section 143A to the Negotiable Instruments Act- Power to direct interim compensation :- Does this new provision apply now to all pending Cases u/s 138 and do I have to make formal application to the concerned Megistrate to Order Compensation.
Dr J C Vashista
(Expert) 05 August 2018
Laws are applicable prospectively but not retrospectively, hence inapplicable for pending case(s).