https://www.taxtmi.com/caselaws?id=448266 Section 147 of the Negotiable Instruments Act, 1881 permits compounding of an offence under Section 138 even after conviction, and the Court may consider the stage of proceedings and the circumstances while fixing compounding costs. Where the parties had settled the dispute under a one-time settlement, the complainant bank issued a no dues certificate, and the account stood closed, the Court accepted the compromise, imposed a reduced token compounding fee, and set aside the conviction and sentence. The accused was consequently acquitted of the cheque dishonour charge. 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 Section 147 of the Negotiable Instruments Act, 1881 permits compounding of an offence under Section 138 even after conviction, and the Court may consider the stage of proceedings and the circumstances while fixing compounding costs. Where the parties had settled the dispute under a one-time settlement, the complainant bank issued a no dues certificate, and the account stood closed, the Court accepted the compromise, imposed a reduced token compounding fee, and set aside the conviction and sentence. The accused was consequently acquitted of the cheque dishonour charge. Case-Laws Indian Laws Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448266