Dilip Tarachand Rathi v. the State of Maharashtra and Anr.
Case brief
What is this about?
This petition sought compounding of an offence under Section 147 of the Negotiable Instruments Act, 1881. The court noted that the parties had settled payment dues via signed Consent Terms. During the pendency, the accused received the claim amount.
What did the court decide?
The prayer for compounding of offence is granted, the accused stands acquitted, bail bonds cancelled and bail amount refunded.