https://www.taxtmi.com/caselaws?id=442546 In a cheque dishonour matter under Section 138 of the Negotiable Instruments Act, a genuine compromise placed at the revisional stage was acted upon after the complainant acknowledged receipt of the settled amount. The Court applied the settled approach governing belated compounding, accepted the compromise, and imposed graded costs for delayed settlement. The custodial sentence was modified to the period already undergone, subject to deposit of costs equal to 2% of the cheque amount with the State Legal Services Authority before release. en-us Mon, 31 Jul 2023 00:00:00 +0530 Mon, 04 Sep 2023 22:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442546 In a cheque dishonour matter under Section 138 of the Negotiable Instruments Act, a genuine compromise placed at the revisional stage was acted upon after the complainant acknowledged receipt of the settled amount. The Court applied the settled approach governing belated compounding, accepted the compromise, and imposed graded costs for delayed settlement. The custodial sentence was modified to the period already undergone, subject to deposit of costs equal to 2% of the cheque amount with the State Legal Services Authority before release. Case-Laws Indian Laws Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442546