https://www.taxtmi.com/caselaws?id=765589 The HC considered whether the conviction and sentence under Section 138 of the Negotiable Instruments Act should be upheld, given a compromise between the parties. Acknowledging the joint compromise affidavit and the provisions of Section 147, which allows for the compounding of offences, the Court found the settlement of Rs. 2,65,000/- paid by the petitioners to be full and final. With no competing arguments and the settlement confirmed by both parties, the Court set aside the previous convictions and acquitted the petitioners, emphasizing the importance of voluntary resolutions in such cases. en-us Fri, 10 Jan 2025 00:00:00 +0530 Wed, 05 Feb 2025 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765589 The HC considered whether the conviction and sentence under Section 138 of the Negotiable Instruments Act should be upheld, given a compromise between the parties. Acknowledging the joint compromise affidavit and the provisions of Section 147, which allows for the compounding of offences, the Court found the settlement of Rs. 2,65,000/- paid by the petitioners to be full and final. With no competing arguments and the settlement confirmed by both parties, the Court set aside the previous convictions and acquitted the petitioners, emphasizing the importance of voluntary resolutions in such cases. Case-Laws Indian Laws Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765589