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2022 (3) TMI 1212 - HC - Indian LawsDishonor of Cheque - amicable settlement of dispute between the parties - compounding of offences - section 138 and 147 of NI Act - HELD THAT:- Having gone through the material placed on record, it has emerged that the petitioner has been convicted by the concerned Criminal Court for the offence punishable under Section 138 of the N.I. Act. However, now, the parties have amicably settled the dispute and, therefore, the parties have executed settlement agreement/ declaration as stated above stating that if the order of conviction passed against the petitioner is quashed and set aside, the respondent no.2 has no objection. When the parties have settled the dispute amicably, compounding of the offence is required to be permitted. However at this stage, it is required to be noted that as per the decision rendered by the Hon'ble Supreme Court, suitable amount is required to be deposited by the applicant with the Gujarat State Legal Services Authority, more particularly when the complainant has shown willingness to accept amount as ordered by the learned trial court by way of settlement. Application allowed.
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