India: Trials & Appeals & Compensation

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Supreme Court Holds That Appellate Deposit Under Section 148 Of The NI Act Is Not Confined To The Company Alone; Issue Referred To Larger Bench.
The Supreme Court of India, in the matter titled as Bharat Mittal v. State of Rajasthan and Others , through its judgment dated 18.12.2025, held that the appellate court may direct deposit under Section 148 of the Negotiable Instruments Act, 1881 ("NI Act") even against a director or authorized signatory convicted under Section 138 read with Section 141 of the NI Act.
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