The Supreme Court has exercised its inherent powers under Article 142 of the Constitution to compound the offence under Section 138 of the Negotiable Instruments Act, 1881, and acquit the accused, Rajendra Anant Varik. The Court observed that the entire cheque amount and additional compensation, as imposed by the trial court, had already been paid
Supreme Court Uses Article 142 to Compound Section 138 NI Act Offence, Acquits Accused on Condition of Full Payment to Complainant
