Shakil Gulab Sambhapure v. Nandkumar Dhondiram Kothavale and Anr.
Case brief
What is this about?
In a revision application under Section 138 of the Negotiable Instruments Act, the High Court of Bombay quashed the conviction and sentenced the applicant after parties settled the dispute through consent terms. The applicant was acquitted, bail was cancelled, and directed to pay nominal costs as they were not a business transaction.
What did the court decide?
Conviction and sentence were quashed; applicant stood acquitted; bail bonds canceled; applicant directed to pay Rs.5,000 costs.