Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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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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