Section 147 of the Negotiable Instruments Act allows cheque dishonor offences to be settled mutually with a 15% cost payment.

Dishonor of Cheque - Section 147 of N.I. Act has made every offence punishable under the N.I. Act as compoundable. As such, there is no bar for the parties in the proceeding to compound the offence - such compounding is permitted to be allowed on the common condition that the accused pays 15% of the cheque amount by way of cost. - HC .....

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