https://www.taxtmi.com/caselaws?id=425417 The court allowed the compounding of the offence under Section 138 of the Negotiable Instruments Act, setting aside the conviction and sentences imposed by the lower courts. The petitioner was acquitted, and if in custody, ordered to be released immediately. The court emphasized the liberal exercise of powers under Section 147, citing relevant case law and highlighting the compensatory nature of cheque dishonor offences. The settlement between the parties and the amount deposited with the respondent-Bank played a crucial role in the court's decision to compound the offence and acquit the petitioner. en-us Tue, 05 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425417 The court allowed the compounding of the offence under Section 138 of the Negotiable Instruments Act, setting aside the conviction and sentences imposed by the lower courts. The petitioner was acquitted, and if in custody, ordered to be released immediately. The court emphasized the liberal exercise of powers under Section 147, citing relevant case law and highlighting the compensatory nature of cheque dishonor offences. The settlement between the parties and the amount deposited with the respondent-Bank played a crucial role in the court's decision to compound the offence and acquit the petitioner. Case-Laws Indian Laws Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425417