https://www.taxtmi.com/caselaws?id=445470 Section 147 of the Negotiable Instruments Act, 1881 permits compounding of a Section 138 offence even after conviction, and a subsequent compromise between the parties can validate that course where the cheque amount and additional payment have been accepted in full and final settlement. The note also records that compounding costs are not inflexible; the court may reduce them on the facts, including the accused's financial condition and the stage of settlement, and may direct deposit of token costs. The stated effect is annulment of the conviction upon acceptance of the compromise and payment of reduced compounding costs. en-us Thu, 02 Nov 2023 00:00:00 +0530 Thu, 09 Nov 2023 08:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445470 Section 147 of the Negotiable Instruments Act, 1881 permits compounding of a Section 138 offence even after conviction, and a subsequent compromise between the parties can validate that course where the cheque amount and additional payment have been accepted in full and final settlement. The note also records that compounding costs are not inflexible; the court may reduce them on the facts, including the accused's financial condition and the stage of settlement, and may direct deposit of token costs. The stated effect is annulment of the conviction upon acceptance of the compromise and payment of reduced compounding costs. Case-Laws Indian Laws Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445470