Cheque Bounce: Offence Under Section 138 NI Act is Always Compundable, Rules Gujarat HC- Know More

The Gujarat High Court has ruled that when parties have reached an amicable settlement, the compounding of an offence under Section 138 of the Negotiable Instruments Act, 1881 is always permissible. Justice Vipul Pancholi referred to Section 147 of the Act, which states that, notwithstanding anything in the CrPC, any offence punishable under this Act

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