Arvind Ramchandra Jagtap v. Balkrishna Finance Corporation through Mangesh Balkrishna Kulkarni and Another
Case brief
What is this about?
Section 138 Negotiable Instruments Act conviction quashed on compounding of offence; compromise and consent terms verified and recorded by order dated 29-09-2025; applicant deposited Rs. 40,000/- compensation before trial Court and Rs. 2,250/- with Legal Service Authority; acquittal; revision application allowed; S.C.C. No. 869 of 2014 (J.M.F.C. Aurangabad, judgment 29-08-2018); Criminal Appeal No. 164 of 2018 (Additional Sessions Judge, Aurangabad, judgment 10-02-2025); transmission of deposit to respondent; bail bonds cancelled; Criminal Application No. 1451 of 2025 disposed; Aurangabad Bench, Bombay High Court.
What did the court decide?
Revision application allowed; conviction under Section 138 of the Negotiable Instruments Act and the confirming appellate judgment quashed and set aside; applicant acquitted; Rs. 40,000/- deposit to be transmitted to the respondent's bank account within two weeks; bail bonds of the applicant cancelled; Criminal Application No. 1451 of 2025 disposed of as nothing survives therein.