https://www.taxtmi.com/caselaws?id=417243 A conviction under Section 138 of the Negotiable Instruments Act can be quashed in exercise of inherent powers under Section 482 of the Code of Criminal Procedure where the parties have settled the dispute amicably. Because the offence is compoundable under Section 147 of the Act, the High Court may permit compounding at the post-conviction stage on payment of the prescribed costs. Applying Supreme Court guidelines, the Court treated deposit of 15% of the cheque amount with the Gujarat State Legal Services Authority as sufficient, and the conviction with consequential proceedings was quashed. en-us Thu, 13 Jan 2022 00:00:00 +0530 Wed, 19 Jan 2022 08:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417243 A conviction under Section 138 of the Negotiable Instruments Act can be quashed in exercise of inherent powers under Section 482 of the Code of Criminal Procedure where the parties have settled the dispute amicably. Because the offence is compoundable under Section 147 of the Act, the High Court may permit compounding at the post-conviction stage on payment of the prescribed costs. Applying Supreme Court guidelines, the Court treated deposit of 15% of the cheque amount with the Gujarat State Legal Services Authority as sufficient, and the conviction with consequential proceedings was quashed. Case-Laws Indian Laws Thu, 13 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417243