‘Conduct of Accused’ is Relevant to decide Application for Interim Compensation

V. Krishnamurthy Vs Diary Classic Ice Creams Pvt. Ltd. (Karnataka High Court) Introduction: The legal saga unfolds as V. Krishnamurthy challenges the order of the XXVIII Additional Chief Metropolitan Magistrate, Bangalore, granting 10% interim compensation under Section 143A of the Negotiable Instruments Act. The case revolves around the misuse of a blank cheque and the Magistrate’s exercise of discretion in granting interim relief. Detailed Analysis: The crux of the matter lies in the Magistrate’s discretion to award interim compensation, ranging from 1% to 20%, under Section 143A...