Negotiable Instruments Act, 1881 – Section 138 Cheque Bounce Case Compounded Under Section 147 After Settlement Between Parties, High Court of Himachal Pradesh
Background Of The Case Ashwani Kumar purchased a Nano car from Hi-Tech Satluj Motor Pvt. Ltd. on 27.12.2014. He had promised to pay the balance amount of Rs. 56,837 but failed to do so. The complainant company requested him to pay the amount, after which Ashwani Kumar issued cheque No. 696914 dated 21.12.2015 for the same amount. When presented at PNB Bhota, the cheque was dishonoured with the remarks "funds…
