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Power to direct interim compensation as per section 143A of the NI Act is prospective in nature

August 1, 2019[2019] 109 7 (SC)

FEMA, BANKING & INSURANCE : Applicability of section 143A is prospective in nature and confined to cases where offences under section 138 were committed after introduction of section 143A, i.e., with effect from 1-9-2018; where offence under section 138 was committed in year 2016, impugned order passed by Trial Court directing accused to pay interim compensation, in accordance with provisions of section 143A was to be set aside

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