Kanwar Manjit Singh v. Charandeep Singh & Another
CRR-777-2016
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(.%(13*)!%.5 1// % !3 "38. Since a very large number of cheque bouncing cases are still pending and interest rates have fallen in the last few years, this Court is of the view that it is time to ' '. Accordingly, the aforesaid guidelines of compounding are modified as under:-
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39. This Court is of the view that if the accused is willing to pay in accordance with the aforesaid guidelines, the Court may suggest to the parties to go for compounding. If for any reason, the financial institutions/complainant asks for payment other than the cheque amount or settlement of entire loan or other outstanding dues, then the Magistrate may suggest to the accused to plead guilty and exercise the power under Section 255(2) and/or 255(3) of the Cr.P.C. or 278 of the BNSS, 2023 and/or give the benefit under the Probation of Offenders Act, 1958 to the accused.
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