https://www.taxtmi.com/caselaws?id=752269 Cheque dishonour proceedings under Section 138 of the Negotiable Instruments Act may be brought to an end where the drawer has fully repaid the principal and paid additional compensation, even if the complainant refuses to consent to compounding, because continued prosecution after substantial monetary satisfaction serves no useful purpose. In a separate aspect, allegations under Sections 406, 420 and 120B of the Indian Penal Code in a commercial supply dispute were held insufficient where the record did not show dishonest intention from the inception; failure to supply machinery and retention of advance money, without more, did not establish cheating. The FIR and connected criminal proceedings were quashed. en-us Mon, 08 Apr 2024 00:00:00 +0530 Tue, 07 May 2024 07:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752269 Cheque dishonour proceedings under Section 138 of the Negotiable Instruments Act may be brought to an end where the drawer has fully repaid the principal and paid additional compensation, even if the complainant refuses to consent to compounding, because continued prosecution after substantial monetary satisfaction serves no useful purpose. In a separate aspect, allegations under Sections 406, 420 and 120B of the Indian Penal Code in a commercial supply dispute were held insufficient where the record did not show dishonest intention from the inception; failure to supply machinery and retention of advance money, without more, did not establish cheating. The FIR and connected criminal proceedings were quashed. Case-Laws Indian Laws Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752269