It is mandatory under Sections 143(A) and 148(3) of Negotiable Instruments Act, 1881, on the part of the Trial Court as well as the First Appellate Court to impose interim compensation payable by the accused persons while challenging the case and judgment of sentence in the appeals – Sri. Lakshminarayana Vs. Sri. Lokesh L. – Karnataka High Court

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Once the requirements of Section 30(2)(b) are fulfilled, the distribution in accordance with its provisions is to be treated as “fair and equitable” to the Operational Creditors – Pratap Technocrats (P) Ltd. & Ors. Vs. Monitoring Committee of Reliance Infratel Ltd. & Anr. – Supreme Court

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