https://www.taxtmi.com/caselaws?id=387090 The High Court allowed the petition to quash the judgment passed by the District and Session Judge convicting the petitioner for non-repayment of a loan under section 138 of the NI Act. A settlement was reached between the petitioner and the complainant, resulting in the petitioner paying a substantial amount and the remaining debt being forgiven due to the petitioner's financial circumstances. Following the settlement and considering the guidelines for compounding offenses, the Court acquitted the petitioner, set aside the convictions, and ordered the petitioner's immediate release. en-us Mon, 14 Oct 2019 00:00:00 +0530 Thu, 17 Oct 2019 07:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387090 The High Court allowed the petition to quash the judgment passed by the District and Session Judge convicting the petitioner for non-repayment of a loan under section 138 of the NI Act. A settlement was reached between the petitioner and the complainant, resulting in the petitioner paying a substantial amount and the remaining debt being forgiven due to the petitioner's financial circumstances. Following the settlement and considering the guidelines for compounding offenses, the Court acquitted the petitioner, set aside the convictions, and ordered the petitioner's immediate release. Case-Laws Indian Laws Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387090