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of <h1>Compounding Validated: Petition Dismissed for Overturning Compounding Order u/s 147 NI Act, Payment Directed.</h1> <h3>M/s Tax Crop. Ltd. Versus M/s Adigear International and others</h3> M/s Tax Crop. Ltd. Versus M/s Adigear International and others - TMI The High Court dismissed the petition under Section 482 of the Code of Criminal Procedure seeking to set aside an order accepting the compounding of an offence under Section 147 of the Negotiable Instruments Act. The court upheld the lower court's decision based on the importance of compounding of the offence under Section 138 of the Act and directed the accused to pay the total cheque amount, litigation expenses, and interest. The petition was dismissed as the order did not require any interference.
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