https://www.taxtmi.com/caselaws?id=210780 The Supreme Court held that the sanction of a scheme under Section 391 of the Companies Act does not automatically compound offences under Section 138 of the Negotiable Instruments Act. The Court emphasized that the scheme restructuring debts does not affect the enforceability of pre-compromise debts in criminal complaints. The Court affirmed that the scheme approval does not terminate complaint proceedings under the N.I. Act and that the explicit consent of the complainant is required for compounding offences under Section 320 of the Criminal Procedure Code. The High Court's judgment was upheld, and the appeals were dismissed. en-us Wed, 01 Feb 2012 00:00:00 +0530 Fri, 04 Oct 2013 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210780 The Supreme Court held that the sanction of a scheme under Section 391 of the Companies Act does not automatically compound offences under Section 138 of the Negotiable Instruments Act. The Court emphasized that the scheme restructuring debts does not affect the enforceability of pre-compromise debts in criminal complaints. The Court affirmed that the scheme approval does not terminate complaint proceedings under the N.I. Act and that the explicit consent of the complainant is required for compounding offences under Section 320 of the Criminal Procedure Code. The High Court's judgment was upheld, and the appeals were dismissed. Case-Laws Companies Law Wed, 01 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210780