https://www.taxtmi.com/caselaws?id=358435 Section 147 of the Negotiable Instruments Act, 1881 permits compounding of cheque dishonour offences notwithstanding the Code of Criminal Procedure, 1973, and the court treated such proceedings as primarily compensatory in nature. Where the compromise between the parties was verified and found genuine, delayed compounding could still be accepted at the revisional stage, subject to payment of costs in line with Supreme Court guidelines. On that basis, the conviction and sentence under Section 138 were set aside, the offence was compounded, and the accused was acquitted subject to deposit of costs. en-us Thu, 22 Mar 2018 00:00:00 +0530 Thu, 12 Apr 2018 07:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358435 Section 147 of the Negotiable Instruments Act, 1881 permits compounding of cheque dishonour offences notwithstanding the Code of Criminal Procedure, 1973, and the court treated such proceedings as primarily compensatory in nature. Where the compromise between the parties was verified and found genuine, delayed compounding could still be accepted at the revisional stage, subject to payment of costs in line with Supreme Court guidelines. On that basis, the conviction and sentence under Section 138 were set aside, the offence was compounded, and the accused was acquitted subject to deposit of costs. Case-Laws Indian Laws Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358435