https://www.taxtmi.com/caselaws?id=410312 A cheque dishonour conviction under Section 138 of the Negotiable Instruments Act can be quashed under Section 482 CrPC where the parties have amicably settled the dispute and the complainant has no objection. The offence remains compoundable under Section 147 of the Act, and when compounding is sought at a later stage before the High Court, payment of 15% of the cheque amount as costs to the Legal Services Authority may be required. In such circumstances, inherent powers may be used to bring the matter to a quietus, and the conviction was quashed subject to deposit of the prescribed costs. en-us Wed, 14 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410312 A cheque dishonour conviction under Section 138 of the Negotiable Instruments Act can be quashed under Section 482 CrPC where the parties have amicably settled the dispute and the complainant has no objection. The offence remains compoundable under Section 147 of the Act, and when compounding is sought at a later stage before the High Court, payment of 15% of the cheque amount as costs to the Legal Services Authority may be required. In such circumstances, inherent powers may be used to bring the matter to a quietus, and the conviction was quashed subject to deposit of the prescribed costs. Case-Laws Indian Laws Wed, 14 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410312