Every offence under section 147 of Negotiable Instruments Act was compoundable

Arun Vincent Rajkumar Vs S. Mala (Karnataka High Court) Conclusion:  Section 147 of the Negotiable Instruments Act makes every offence punishable under the Act as compoundable and there is no bar on parties to compound the offence. However, at the same time, the guidelines laid down by the Hon’ble Apex Court in Damodar S. Prabhu’s Case regarding imposing graded cost on litigant that the accused should pay 15% of the cheque amount by way of cost also was to be borne in mind. Held: In the instant case, both the parties had come up with memorandum of settlement in all the four matter...