M/S S & S INDUSTRIES & ENTERPRS.LD. vs M/S FORTRESS FINANCIAL SERVICES LTD.

The Supreme Court held that in cases under Section 138 of the Negotiable Instruments Act, the offence is compoundable, allowing the parties to settle the matter amicably. The Court set aside the High Court's order that remanded the case to the Trial Court, thereby dropping the prosecution against the appellants. The Court directed the appellants to pay a total of Rupees fourteen lakhs to the complainant, including the already deposited amount and additional compensation.