Complainant can’t pursue the original complaint u/s 138 of NI Act once settlement has been entered into by parties: SC

FEMA amp; BANKING : Where complaint was filed under section 138 of NI Act on dishonour of cheques, following which parties entered into a settlement agreement, same would erode original complaint; non-compliance of settlement agreement or dishonour of cheques issued thereunder would give rise to a new cause of action imposing liability under section 138

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317435/complainant-can’t-pursue-the-original-complaint-us-138-of-ni-act-once-settlement-has-been-entered-into-by-parties-sc.aspx