Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
The Punjab & Haryana High Court allowed the compounding of the offence u/s 138 N.I. Act between parties in a dishonour of cheque case. Citing precedent, the court held that compounding can be done during trial or by the High Court u/r Section 320(6) Cr.P.C. Settlement led to acquittal u/s 147 of NI Act and Section 320 Cr.P.C. The parties' voluntary settlement justified allowing compounding. The revision petition was allowed, with 15% of the cheque amount to be deposited with a specified center, leading to acquittal of the petitioner from the charge u/s 138 of NI Act.
The Punjab & Haryana High Court allowed the compounding of the offence u/s 138 N.I. Act between parties in a dishonour of cheque case. Citing precedent, the court held that compounding can be done during trial or by the High Court u/r Section 320(6) Cr.P.C. Settlement led to acquittal u/s 147 of NI Act and Section 320 Cr.P.C. The parties' voluntary settlement justified allowing compounding. The revision petition was allowed, with 15% of the cheque amount to be deposited with a specified center, leading to acquittal of the petitioner from the charge u/s 138 of NI Act.
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