JIK Industries Ltd. v. Amarlal V. Jumani, (2012) 3 SCC 255, stating: “68. It is clear from a perusal of the aforesaid Statement of Objects and Reasons that offence under the NI Act, which was previously non-compoundable in view of Section 320 sub- section (9) of the Code has now become compoundable. That does not…
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