Gujarat High Court Upholds Conviction Under Section 138 NI Act but Modifies Sentence to Fine in View of Full Deposit of Cheque Amount. Offence under Section 138 NI Act is quasi-criminal and compoundable; once entire cheque amount is deposited, sentence of imprisonment can be substituted with fine.
24 Mar 2026The applicant-accused was convicted by the learned 9th Additional Chief Judicial Magistrate, Vadodara in Criminal Case No.15001 of 2017 for the offenc...
