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2022 (4) TMI 420 - PUNJAB & HARYANA HIGH COURTDishonor of Cheque - insufficiency of funds - matter is already settled between parties - acquittal of accused - compounding of offences - Section 147 of NI Act - HELD THAT:- The admitted position is that the matter stands settled and the settlement agreement between the parties dated 27.09.2019 is already on record. This Court in VATSA ELECTRONICS VERSUS PALA RAM & ANR. [2022 (4) TMI 353 - PUNJAB AND HARYANA HIGH COURT] has also held that once a settlement is being effected, then in terms of Section 147 of the Negotiable Instruments Act and Section 320 Cr.P.C., the accused ought to be acquitted as the offence stands compounded. The parties have voluntarily settled the disputes between themselves, it is a fit case for allowing them to compound the offence - Petition allowed.
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