https://www.taxtmi.com/caselaws?id=411804 Where a cheque dishonour prosecution under Section 138 of the Negotiable Instruments Act was genuinely compromised, the High Court treated the matter as fit for compounding and held that continuation of the proceedings would serve no useful purpose. Relying on Section 147 of the Negotiable Instruments Act and the inherent powers under Section 482 of the Code of Criminal Procedure, the Court quashed the proceedings, set aside the conviction and sentence, and acquitted the accused, subject to deposit of the stipulated costs under the cheque dishonour compounding framework. en-us Tue, 17 Aug 2021 00:00:00 +0530 Fri, 03 Sep 2021 09:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411804 Where a cheque dishonour prosecution under Section 138 of the Negotiable Instruments Act was genuinely compromised, the High Court treated the matter as fit for compounding and held that continuation of the proceedings would serve no useful purpose. Relying on Section 147 of the Negotiable Instruments Act and the inherent powers under Section 482 of the Code of Criminal Procedure, the Court quashed the proceedings, set aside the conviction and sentence, and acquitted the accused, subject to deposit of the stipulated costs under the cheque dishonour compounding framework. Case-Laws Indian Laws Tue, 17 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411804