https://www.taxtmi.com/caselaws?id=111217 An offence under section 138 of the Negotiable Instruments Act, 1881 may be compounded when the parties settle their dispute during the pendency of proceedings, as permitted by section 147. Where settlement is accepted and the respondent agrees to compounding, the conviction and sentence based on the settled dispute can be set aside. Any amount deposited pursuant to the trial court's direction may also be ordered to be refunded to the appellant, since the basis for retaining it no longer survives after compounding. en-us Wed, 04 Aug 2004 00:00:00 +0530 Mon, 02 Jun 2014 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111217 An offence under section 138 of the Negotiable Instruments Act, 1881 may be compounded when the parties settle their dispute during the pendency of proceedings, as permitted by section 147. Where settlement is accepted and the respondent agrees to compounding, the conviction and sentence based on the settled dispute can be set aside. Any amount deposited pursuant to the trial court's direction may also be ordered to be refunded to the appellant, since the basis for retaining it no longer survives after compounding. Case-Laws Companies Law Wed, 04 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111217