Case Law Analysis
|Himachal Pradesh High Court
Section 138 NI Act | Compounding Post-Conviction Permissible on Compromise & Compensation : Himachal Pradesh HC
Himachal Pradesh High Court reaffirms that offences under Section 138 of the Negotiable Instruments Act can be compounded even after conviction if parties reach a settlement. The court acquitted the accused upon payment of Rs. 1,72,000 compensation and Rs. 10,000 litigation costs, emphasizing flexibility in dispute resolution for cheque bounce cases.