Shekhar Vishwanath Dhond, Thr. Next Friend Riddesh Mahesh Sukhtankar v. Dayanand Urban Cooperative Credit Society Ltd.,Rep. by Its Br. Manager, Nitesh Narayan Naik and Anr.
Case brief
What is this about?
Compounded a cheque dishonour offence under Section 147 NI Act upon deposit of 15% of the cheque amount and withdrawal of prior deposits. Quashed conviction orders.
What did the court decide?
Permission to compound offence granted on deposit of 15% cheque amount; conviction orders quashed.