https://www.taxtmi.com/caselaws?id=416075 The revision petition challenging the judgment under Section 138 of the Negotiable Instruments Act was allowed by the Court. The offense was compounded after a settlement between the parties, leading to the petitioner's acquittal. The Court emphasized the compensatory aspect of the remedy in cheque bouncing cases and established guidelines for imposing costs on parties causing delays in compounding offenses. The petitioner was ordered to deposit 15% of the cheque amount as costs within a specified period to avoid further legal action, ensuring timely resolution and effective justice. en-us Thu, 16 Dec 2021 00:00:00 +0530 Tue, 21 Dec 2021 08:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416075 The revision petition challenging the judgment under Section 138 of the Negotiable Instruments Act was allowed by the Court. The offense was compounded after a settlement between the parties, leading to the petitioner's acquittal. The Court emphasized the compensatory aspect of the remedy in cheque bouncing cases and established guidelines for imposing costs on parties causing delays in compounding offenses. The petitioner was ordered to deposit 15% of the cheque amount as costs within a specified period to avoid further legal action, ensuring timely resolution and effective justice. Case-Laws Indian Laws Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416075