Offence under section 138 of the NI Act is compoundable under sec.147 of the said Act.

whether an offence of cheque dishonour case under Section 138 of the Negotiable Instruments Act, 1881, could be compounded under Section 147 of the said Act read with Section 320 Cr.P.C?

The Hon'ble Supreme Court held, it is compoundable.

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