Makam Gangaiah Makam v. M/S Kirti Construction Co. Ltd. and Anr.
Case brief
What is this about?
The Court allowed a criminal revision application regarding a cheque dishonour case under Section 138 NI Act. Upon hearing that the parties had compounded the matter and the accused paid the full amount via demand drafts mediated by the Court, the challenge orders were set aside, resulting in acquittal and refund of fines and deposited amounts.
What did the court decide?
Impugned orders set aside; accused acquitted; fine refunded; amount of Rs.4,50,000 deposited in Court paid to the accused.