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2023 (4) TMI 160 - HC - Indian LawsDishonour of Cheque - insufficient funds - compounding of offence u/s 147 of NI Act - HELD THAT:- Since in the instant case, the petitioner-accused after being convicted under Section 138 of the Act, has compromised the matter with the complainant-Bank, vide separate statements of authorized representative of the complainant-Bank and the petitioner-accused, annexed with the petition and in terms thereof, the petitioner-accused has already paid the entire amount of compensation, prayer for compounding the offence can be accepted. The present matter is ordered to be compounded and the impugned judgment of conviction dated 21.02.2019 and order of sentence dated 26.02.2019 passed against the petitioner-accused by learned Additional Chief Judicial Magistrate, Nalagarh, District Solan, H.P., and affirmed by learned Additional Sessions Judge, Nalagarh, District Solan, H.P., vide judgment dated 16.06.2022, are quashed and setaside and the petitioner-accused is acquitted of the charge framed against him under Section 138 of the Act. Bail bonds, if any, stand discharged. Petition disposed off.
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