https://www.taxtmi.com/highlights?id=81054 Court upholds its previous judgment allowing compounding of offense u/s 147 of the Act, even after conviction. Petitioner and complainant Bank reached settlement, with petitioner paying full compensation. Court quashes conviction, acquits petitioner, and orders release of any deposited amount, relying on Supreme Court precedent permitting compounding post-conviction. Petition disposed. en-us Fri, 06 Sep 2024 08:18:42 +0530 Fri, 06 Sep 2024 08:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81054 Court upholds its previous judgment allowing compounding of offense u/s 147 of the Act, even after conviction. Petitioner and complainant Bank reached settlement, with petitioner paying full compensation. Court quashes conviction, acquits petitioner, and orders release of any deposited amount, relying on Supreme Court precedent permitting compounding post-conviction. Petition disposed. Highlights Indian Laws Fri, 06 Sep 2024 08:18:42 +0530 https://www.taxtmi.com/highlights?id=81054