Object of Chapter XVII of the NIA is not only punitive but also compensatory and restitutive -- Provisions of NIA envision a single window for criminal liability for dishonour of cheque as well as civil liability for realisation of the cheque amount -- There needs to be a consistent approach towards awarding compensation and unless there exist special circumstances, the Courts should uniformly levy fine up to twice the cheque amount along with simple interest at the rate of 9% per annum.
(SC) Decided on: 10.02.2021