https://www.taxtmi.com/caselaws?id=447371 The Bombay HC allowed compounding of a cheque dishonour offence despite objections from a non-applicant creditor. The Court found that six out of twelve accused could seek compounding at the third hearing, which was still considered an initial stage. The non-applicant's refusal to consent based on separate dues of Rs. 3 crores was deemed an abuse of process, as recovery matters would be addressed through IBC proceedings before the IRP. The Court exercised jurisdiction under Section 482 CrPC, noting its wider scope than Section 320 CrPC, and allowed the criminal application considering the peculiar circumstances. en-us Wed, 29 Nov 2023 00:00:00 +0530 Mon, 25 Dec 2023 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447371 The Bombay HC allowed compounding of a cheque dishonour offence despite objections from a non-applicant creditor. The Court found that six out of twelve accused could seek compounding at the third hearing, which was still considered an initial stage. The non-applicant's refusal to consent based on separate dues of Rs. 3 crores was deemed an abuse of process, as recovery matters would be addressed through IBC proceedings before the IRP. The Court exercised jurisdiction under Section 482 CrPC, noting its wider scope than Section 320 CrPC, and allowed the criminal application considering the peculiar circumstances. Case-Laws Indian Laws Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447371