Dishonour of Cheque - Compounding of offence u/s 138 N.I. Act allowed since parties settle dispute, petitioner acquitted.

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....The Punjab & Haryana High Court allowed the compounding of the offence u/s 138 N.I. Act between parties in a dishonour of cheque case. Citing precedent, the court held that compounding can be done during trial or by the High Court u/r Section 320(6) Cr.P.C. Settlement led to acquittal u/s 147 of NI Act and Section 320 Cr.P.C. The parties' voluntary settlement justified allowing compounding. The revision petition was allowed, with 15% of the cheque amount to be deposited with a specified center, leading to acquittal of the petitioner from the charge u/s 138 of NI Act.....