https://www.taxtmi.com/caselaws?id=273457 Section 138 of the Negotiable Instruments Act can be compounded on the basis of a genuine compromise where the cheque liability has been paid and accepted in full and final settlement. The record reflected a joint request for compounding by both parties, and the settlement was recognised, with the conviction and appellate affirmation set aside and the accused acquitted. Because the request for compounding was made belatedly, costs were also directed as part of the compromise disposal. en-us Wed, 07 Jun 2017 00:00:00 +0530 Wed, 27 Jun 2018 17:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273457 Section 138 of the Negotiable Instruments Act can be compounded on the basis of a genuine compromise where the cheque liability has been paid and accepted in full and final settlement. The record reflected a joint request for compounding by both parties, and the settlement was recognised, with the conviction and appellate affirmation set aside and the accused acquitted. Because the request for compounding was made belatedly, costs were also directed as part of the compromise disposal. Case-Laws Indian Laws Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273457