CHAPTER XVII OF PENALTIES IN CASE OF DISHONOUR OF CERTAIN CHEQUES FOR INSUFFICIENCY OF FUNDS IN THE ACCOUNTS

Section 147: Offences to be compoundable

Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974),every offence punishable under this Act shall be compoundable].

Leading cases

Sanjabij Tari v. Kishore S. Borcar (2025)The Court restored a cheque bounce conviction set aside in revision, held that breach of Section 269SS of the Income Tax Act does not displace the Section 139 presumption, and issued guidelines for Section 138 cases.

Practise questions on Negotiable Instruments Act, 1881