Extension of time provided by high court

812 votes

Dear Sir Yes you can file an application seeking extension of time to deposit the amount before the court ​The court has discretionary power under Section 148 of the Negotiable Instruments Act to extend the time period for compliance upon showing genuine and sufficient cause for delay ​An application for extension should be filed immediately along with a detailed affidavit explaining the bona fide financial hardship or unavoidable circumstances that prevented deposit within eight weeks ​Failure to deposit within the stipulated or extended time may result in vacation of the interim order or stay granted by the court ​Regarding waiver Section 148 of the Negotiable Instruments Act makes deposit of a minimum 20 percent of fine or compensation mandatory in appeal unless exceptional circumstances exist ​Complete waiver or reduction below 20 percent is granted only in extraordinary cases such as severe medical emergency bankruptcy or extreme distress supported by clear documentary evidence ​Since the court ordered a 50 percent deposit you can request a modification or reduction of the percentage citing financial hardship along with seeking time extension

Advocate Kishan Dutt Kalaskar LawRato