https://www.taxtmi.com/caselaws?id=373281 In a Section 138 NI Act prosecution, the High Court held that once the cheque amount had been paid and the complainant accepted the compromise, it could use its revisional and inherent powers under Sections 397, 401 and 482 CrPC, read with Section 147 NI Act, to terminate the proceedings. Treating cheque dishonour litigation as primarily compensatory, the Court found the settled dispute suitable for a pragmatic exercise of power to prevent abuse of process and secure the ends of justice. The sentence of simple imprisonment was accordingly modified and substituted by the compensation already paid. en-us Mon, 31 Dec 2018 00:00:00 +0530 Thu, 10 Jan 2019 07:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373281 In a Section 138 NI Act prosecution, the High Court held that once the cheque amount had been paid and the complainant accepted the compromise, it could use its revisional and inherent powers under Sections 397, 401 and 482 CrPC, read with Section 147 NI Act, to terminate the proceedings. Treating cheque dishonour litigation as primarily compensatory, the Court found the settled dispute suitable for a pragmatic exercise of power to prevent abuse of process and secure the ends of justice. The sentence of simple imprisonment was accordingly modified and substituted by the compensation already paid. Case-Laws Indian Laws Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373281