https://www.taxtmi.com/caselaws?id=196010 The court dismissed the petitions seeking to quash criminal proceedings under section 138 of the Negotiable Instruments Act based on a One Time Settlement Scheme (OTS) offer. Emphasizing the importance of aligning offers with OTS policies and actual dues, the judgment highlighted the need for expeditious disposal of cases. It clarified the interpretation of guidelines for compounding cheque bouncing cases, stressing the necessity of complainant consent and adherence to legal provisions. The application of OTS policy to financially sound companies was examined, with a focus on offers complying with prevailing policies for fair resolution of disputes. en-us Tue, 22 Apr 2014 00:00:00 +0530 Fri, 17 Nov 2017 06:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196010 The court dismissed the petitions seeking to quash criminal proceedings under section 138 of the Negotiable Instruments Act based on a One Time Settlement Scheme (OTS) offer. Emphasizing the importance of aligning offers with OTS policies and actual dues, the judgment highlighted the need for expeditious disposal of cases. It clarified the interpretation of guidelines for compounding cheque bouncing cases, stressing the necessity of complainant consent and adherence to legal provisions. The application of OTS policy to financially sound companies was examined, with a focus on offers complying with prevailing policies for fair resolution of disputes. Case-Laws Companies Law Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196010