The correct answer is: D. 20%
The Negotiable Instruments (Amendment) Bill, 2017 inserted a provision allowing a court trying an offence related to cheque bouncing, to direct the drawer (person who writes the cheque) to pay interim compensation to the complainant. The interim compensation will not exceed 20% of the cheque amount.
This provision was inserted to protect the interests of the complainant, who may have to wait for a long time for the cheque amount to be recovered through the normal legal process. The interim compensation will help to meet the immediate financial needs of the complainant.
The provision is also intended to deter people from issuing cheques without having the funds to meet them. If people know that they may have to pay interim compensation if they issue a cheque that bounces, they will be less likely to do so.
The provision has been welcomed by many people, who believe that it will help to protect the interests of the complainant and deter people from issuing cheques without having the funds to meet them.