M/S. I.K.F. Finance Ltd., Vijayawada. v. the State, Rep. by P.P., Hyderabad, & Anr.

What is this about?

The petitioner, M/S. I.K.F. Finance Ltd., filed a criminal revision under Sections 397/401 of the CrPC challenging an order dated 03-11-2009 passed by the I Additional Chief Metropolitan Magistrate, Vijayawada. The impugned order had returned a complaint filed under Section 138 of the Negotiable Instruments Act, 1881, against the accused for want of jurisdiction. The Court observed from the petitioner's memo that the matter had been settled out of court and the petitioner intended to withdraw the criminal revision case. Upon hearing the counsel for the parties and perusing the written memo and instructions, the Court dismissed the instant Criminal Revision Case as withdrawn by the petitioner.