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2004 (8) TMI 416 - SC - Companies LawCompounding of offence punishable under section 138 of the Negotiable Instruments Act, 1881 - Held that:- Allow appeal. Such a compounding of the offences on the basis of parties settling their dispute is permissible. Since the respondent states that he is willing to compound the offence direct that the offences be compounded as provided under section 147 of the Negotiable Instruments Act, 1881.
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