Large Number Of Cheque Bounce Cases Serious Concern, Courts Must Encourage Compounding If Parties Are Willing: Supreme Court

New Delhi, July 11, 2024: In a significant ruling, the Supreme Court of India has set aside the conviction of the appellants in the case concerning Section 138 of the Negotiable Instruments Act, following a settlement agreement between the parties. The case, Criminal Appeal No. 2948 of 2024, arose from a complaint filed by the respondent, A. Subramaniam, against M/s New Win Export and another. Case Background: In 2006, appellant…