https://www.taxtmi.com/caselaws?id=763012 A cheque dishonour conviction under Section 138 of the Negotiable Instruments Act, 1881 may be compounded at the revisional stage if the compromise is voluntary and verified. The document states that, in line with the settled approach on delayed compounding, the Court applied a graded-cost principle and directed payment of costs equivalent to 3% of the cheque amount to the State Legal Services Authority. On compliance within the stipulated period, the applicant was to be released and acquitted, and the revision was disposed of on acceptance of the compromise. en-us Thu, 21 Nov 2024 00:00:00 +0530 Wed, 11 Dec 2024 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763012 A cheque dishonour conviction under Section 138 of the Negotiable Instruments Act, 1881 may be compounded at the revisional stage if the compromise is voluntary and verified. The document states that, in line with the settled approach on delayed compounding, the Court applied a graded-cost principle and directed payment of costs equivalent to 3% of the cheque amount to the State Legal Services Authority. On compliance within the stipulated period, the applicant was to be released and acquitted, and the revision was disposed of on acceptance of the compromise. Case-Laws Indian Laws Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763012