https://www.taxtmi.com/caselaws?id=398943 In a cheque dishonour prosecution under Section 138 of the Negotiable Instruments Act, 1881, the High Court may use its inherent power under Section 482 CrPC, read with Section 147 of the Act, to give effect to a compromise and compound the offence when the cheque amount and agreed compensation have been paid and the complainant raises no objection. The compounding framework also requires payment of the prescribed compounding cost, including 15% of the cheque amount where compounding is sought before the High Court in revision. On that basis, the conviction and sentence were quashed and the accused was acquitted. en-us Tue, 18 Feb 2020 00:00:00 +0530 Tue, 29 Sep 2020 06:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398943 In a cheque dishonour prosecution under Section 138 of the Negotiable Instruments Act, 1881, the High Court may use its inherent power under Section 482 CrPC, read with Section 147 of the Act, to give effect to a compromise and compound the offence when the cheque amount and agreed compensation have been paid and the complainant raises no objection. The compounding framework also requires payment of the prescribed compounding cost, including 15% of the cheque amount where compounding is sought before the High Court in revision. On that basis, the conviction and sentence were quashed and the accused was acquitted. Case-Laws Indian Laws Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398943