Court Compounds Offense u/s 138 of Negotiable Instruments Act; Acquits Petitioner After Cheque Dishonor Compromise.

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....Dishonor of Cheque - insufficiency of funds - Applying the ratio decidendi of Damodar S.Prabhu and the guidelines framed therein, on the strength of compromise arrived at between petitioner and the complainant, It is felt persuaded to exercise revisional jurisdiction for doing real and substantial justice in the matter for the administration of which alone the Courts exist. - Compounding of offence under Section 138 of the Act, obviously, entails acquittal of the petitioner - HC....