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Section 147 — Offences to be Compoundable
147
147
Offences to be Compoundable
Negotiable Instruments Act
Chapter XVII
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Reviewed by Adv. Shailendra Babbar, Seasoned Advocate · Practicing since 31 yearsCompoundable
🗣️ Simple Explanation
This section says that if someone commits an offense under the Negotiable Instruments Act, it can be settled between the parties involved. This means you can reach an agreement and avoid going to court.
💡 Real Life Example
A issues a cheque to B, but it bounces. A and B can agree that A will pay B the money, plus some extra, and the case is closed.
🛡️ KNOW YOUR RIGHTS
- •You have the right to try and settle the matter with the other party before going to court.
- •You can negotiate a settlement amount and terms with the other party.
Sources & References
📒 Legal text sourced from The Gazette of India & AdvocateKhoj Bare Acts Library
⚖️ Content reviewed by Adv. Shailendra Babbar, Seasoned Advocate, with 31 years of legal practice
📚 Act Reference: Negotiable Instruments Act
Disclaimer: This content is for informational purposes only and does not constitute legal advice. Consult a qualified advocate for specific legal matters.
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