Law is well-settled that user of the verbs ‘may’ and ‘shall’ in a statute is not a sure index for determining whether such statute is mandatory or directory in character. The legislative intent has to ...

Section 143A(1) of the Negotiable Instruments Act, 1881, which allows for interim compensation in cheque dishonor cases, is mandatory or discretionary. The case arose from a complaint under Section ...

The Supreme Court has explained that the cause of action for the offence under Section 138 of the Negotiable Instruments Act, ...

The Delhi High Court recently held that in cheque bounce cases, it is not mandatory to deposit 20 percent of the disputed amount under Section 148 of the Negoti ...