Ajay Shendge v. the State of Maharashtra and Anr.
Case brief
What is this about?
Applicant convicted under Section 138 NI Act sought revision. Parties settled case for Rs. 1 lakh; applicant deposited sum in court. Complainant consented to setting aside conviction. Court allowed revision, set aside conviction, and acquitted applicant upon compounding under Section 147 NI Act, permitting withdrawal of deposits.
What did the court decide?
Criminal Revision allowed; conviction set aside; applicant acquitted on compounding under Section 147 NI Act; deposits permitted to be withdrawn.