https://www.taxtmi.com/caselaws?id=448266 The HC allowed compounding of a cheque dishonour offence under Section 138 of the Negotiable Instruments Act after the parties reached amicable settlement under One Time Settlement Scheme. The complainant-bank issued a No Dues Certificate and closed the account. The court exercised powers under Section 147, citing SC precedents in Damodar S. Prabhu and K. Subramanian cases that permit compounding even after conviction. Considering the petitioner's poor financial condition, the court reduced the compounding fee to Rs.10,000 to be deposited with State Legal Services Authority within four weeks. Petition disposed of. en-us Tue, 09 Jan 2024 00:00:00 +0530 Tue, 16 Jan 2024 08:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448266 The HC allowed compounding of a cheque dishonour offence under Section 138 of the Negotiable Instruments Act after the parties reached amicable settlement under One Time Settlement Scheme. The complainant-bank issued a No Dues Certificate and closed the account. The court exercised powers under Section 147, citing SC precedents in Damodar S. Prabhu and K. Subramanian cases that permit compounding even after conviction. Considering the petitioner's poor financial condition, the court reduced the compounding fee to Rs.10,000 to be deposited with State Legal Services Authority within four weeks. Petition disposed of. Case-Laws Indian Laws Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448266