https://www.taxtmi.com/highlights?id=78568 The High Court addressed the issue of dishonour of cheque and compounding of the matter. Referring to a Supreme Court case, it discussed the scope of Section 138 of the Negotiable Instruments Act and compounding under Section 147. The court recognized that proceedings u/s 138 are civil in nature with criminal implications. It noted that once the accused settled the liability, compounding under Section 147 was a genuine step towards justice. The court found that the accused and complainant had resolved the dispute, with the complainant having no further grievances as the accused had fulfilled his liability u/s 138. Consequently, the petition was disposed of. en-us Tue, 18 Jun 2024 08:27:57 +0530 Tue, 18 Jun 2024 08:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78568 The High Court addressed the issue of dishonour of cheque and compounding of the matter. Referring to a Supreme Court case, it discussed the scope of Section 138 of the Negotiable Instruments Act and compounding under Section 147. The court recognized that proceedings u/s 138 are civil in nature with criminal implications. It noted that once the accused settled the liability, compounding under Section 147 was a genuine step towards justice. The court found that the accused and complainant had resolved the dispute, with the complainant having no further grievances as the accused had fulfilled his liability u/s 138. Consequently, the petition was disposed of. Highlights Indian Laws Tue, 18 Jun 2024 08:27:57 +0530 https://www.taxtmi.com/highlights?id=78568