https://www.taxtmi.com/caselaws?id=403260 The accused was convicted under Section 138 of the Negotiable Instruments Act, 1881 by the Trial Court and the conviction was upheld by the Sessions Judge's Court. However, following a settlement between the parties, the court allowed the compounding of the offence under Section 147 of the N.I. Act. The accused was acquitted upon payment of a specified sum as graded cost, setting aside the previous judgments and orders. Failure to comply with the payment terms would render the order ineffective, emphasizing the importance of meeting the payment obligations for the compounding order to be valid. en-us Wed, 13 Jan 2021 00:00:00 +0530 Fri, 22 Jan 2021 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403260 The accused was convicted under Section 138 of the Negotiable Instruments Act, 1881 by the Trial Court and the conviction was upheld by the Sessions Judge's Court. However, following a settlement between the parties, the court allowed the compounding of the offence under Section 147 of the N.I. Act. The accused was acquitted upon payment of a specified sum as graded cost, setting aside the previous judgments and orders. Failure to comply with the payment terms would render the order ineffective, emphasizing the importance of meeting the payment obligations for the compounding order to be valid. Case-Laws Indian Laws Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403260