Umakant Gokuldas Borkar v. Thr Borim Urban Co-Operative Credit Society Ltd., Auth. Officer Harem Anandrao Sinai Borkar and Anr.
Case brief
What is this about?
Compounding of Section 138 NI Act cheque-dishonour offence; acquittal upon payment of dues and interim compensation to Borim Urban Co-operative Credit Society Ltd. and deposit of Rs.16,500/- (15% of cheque amount) penalty with Goa State Legal Services Authority on 17.09.2025; conviction dated 23.02.2022 by JMFC Ponda in Criminal Case No.191/OA/NIA/2017/B; disposal of CRMA No.103/2025, CRMA No.105/2025 and CRIR No.37/2025; High Court of Bombay at Goa; Valmiki Menezes, J.; 22nd September 2025; neutral citation 2025:BHC-GOA:1812; counsel Abhishek Sawant for the Applicant.
What did the court decide?
Acquittal of the Applicant from the offence punishable under Section 138 of the NI Act upon compounding, the entire compensation having been paid and Respondent No.1 having no objection; consequent disposal of CRIR No.37 of 2025, CRMA No.105 of 2025 and CRMA No.103 of 2025.