Anand Nilkanth Thosar v. Jayant Balkrishna Paranjape and Anr.
Case brief
What is this about?
The High Court allowed a writ petition challenging a conviction under section 138 of the Negotiable Instruments Act. Upon the parties resolving their dispute and depositing the settlement amount, the Court permitted compounding of the offence and directed reimbursement of the deposited funds.
What did the court decide?
Permission to compound the offence under section 138 read with section 147 of the Negotiable Instruments Act was granted and the petition ruled absolute.