https://www.taxtmi.com/caselaws?id=282636 In a prosecution under Section 138 of the Negotiable Instruments Act, the Court accepted that the cheque was issued towards an admitted liability and rejected the defence that it was only a security cheque pending audit. While declining to interfere so as to record an acquittal or impose substantive imprisonment, the Court held that the object of the proceedings would be better served by awarding compensation rather than a nominal fine. It recognised that criminal law may direct compensation having regard to the facts and the complainant's entitlement should not be reduced to a token amount. The fine was accordingly replaced with compensation payable to the complainant. en-us Thu, 08 Mar 2007 00:00:00 +0530 Fri, 16 Aug 2019 12:48:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282636 In a prosecution under Section 138 of the Negotiable Instruments Act, the Court accepted that the cheque was issued towards an admitted liability and rejected the defence that it was only a security cheque pending audit. While declining to interfere so as to record an acquittal or impose substantive imprisonment, the Court held that the object of the proceedings would be better served by awarding compensation rather than a nominal fine. It recognised that criminal law may direct compensation having regard to the facts and the complainant's entitlement should not be reduced to a token amount. The fine was accordingly replaced with compensation payable to the complainant. Case-Laws Indian Laws Thu, 08 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282636