Gian Chand Garg vs Harpal Singh - S.138 NI Act - Compounding

Negotiable Instruments Act - Section 147 - Although dishonour of cheque entails criminal consequence, the legislature by virtue of section 147 of the NI Act has made it compoundable notwithstanding the provisions of the Code of Criminal Procedure, 1973 and the same can be compounded at any stage of the proceedings especially when the parties have themselves arrived at a voluntary compromise. (Para 10)