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2020 (2) TMI 677 - HC - Indian LawsDishonor of Cheque - insufficiency of funds - settlement of dispute between the parties - section 138 of NI Act - HELD THAT:- It appears that the dispute is settled amicably between the parties and respondent no.2-original complainant has received amount of ₹ 2,00,000/- from the accused-applicant as full and final settlement and no other amount remains due from the applicant. Reliance placed in the case of VINAY DEVANNA NAYAK VERSUS RYOT SEVA SAHAKARI BANK LTD [2007 (12) TMI 444 - SUPREME COURT] where it was held that taking into consideration even the provision of Section 147 and the primary object underlying Section 138, in our judgment, there is no reason to refuse compromise between the parties. Applying the ratio of the aforesaid decision of the Apex Court to the facts of the present case as well as considering the settlement arrived at between the parties, the revision application is required to be allowed and the parties be permitted to compound the offence - revision application allowed.
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