Meghana Traders v. Sriram City Union Finance Ltd.
Case brief
What is this about?
AP High Court, Amaravati; Crl.R.C. No. 243 of 2018; Justice B.V.L.N. Chakravarthi; decided 04.02.2026. Meghana Traders (accused/petitioner) v. Sriram City Union Finance Ltd (complainant) and State of A.P. Revision under Ss. 397/401 CrPC against conviction in Crl.A.No.11 of 2017 (District and Sessions Judge, Srikakulam, 27.10.2017) for offence under S.138 NI Act (CC No. 834/2015, JMFC Srikakulam, 5-11-2016). On out-of-court settlement affirmed by complainant's counsel: appellate conviction set aside, petitioner acquitted under S.138 NI Act, bailable bonds cancelled, IAs (including IA 1/2018 stay under S.151 CPC) closed. Keywords: cheque dishonour, S.138 NI Act, settlement, acquittal, Srikakulam.
What did the court decide?
Order of conviction dated 27.10.2017 in Crl.A.No.11 of 2017 set aside; revision petitioner acquitted of the offence under section 138 of the NI Act; bailable bonds executed by the petitioner cancelled; pending interlocutory applications closed.