raj malhotra (M.D) 26 November 2012
Goutam Prasad (Advocate) 26 November 2012
As far as formula of compromise is concenred, there is no legal problem with it. But you need to get detailed statment of the accused ,i.e. issuer of cheque and get you complaint under section 138 disposed off as the same being compounded and not as withdrawn.
Further, it will be better if you can further negotiate for getting something like bank guarantee for placing your self more safe.