Supreme Court Resolves Cheque Bounce Case by Compounding Offense Under Article 142, Ensuring Full Monetary Restitution

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....SC held that the High Court's judgment lacks scrutiny due to not addressing the Goa Money-Lenders Act's applicability as a valid defense. Exercising constitutional powers under Article 142, the Court compounded the NI Act offense and acquitted the accused-appellant, contingent upon full payment of Rs. 2,30,000 to the complainant. The decision recognizes the accused's prior repayment of cheque amount and compensation, effectively resolving the legal dispute while ensuring monetary restitution to the complainant.....