Wazid Ali Khan & Anr. v. Om Prakash Garg
Case brief
What is this about?
Compounding of Section 138 NI Act complaint upon settlement; cheque dishonour case; full and final settlement of Rs.61,24,000/- (equal to cheque amount); compensation for delayed payment resolved through cheques worth Rs.8,00,000/-; petitioner's undertaking to honour cheques on pain of contempt; revival clause allowing respondent to revive proceedings on dishonour; original sentence of six months SI and Rs.84,70,000/- compensation under Section 357(3) Cr.P.C.; CRL.REV.P. 88/2016; High Court of Delhi; Manoj Jain, J.; disposal in terms of settlement.
What did the court decide?
Petition disposed of in terms of the settlement; complaint stands compounded; petitioner handed over cheques worth Rs.8,00,000/- towards final compounding (covering compensation for delayed payment) with an undertaking that the cheques would be honoured on presentation, failing which he would be liable for contempt; photocopies of cheques retained on record; respondent permitted to revive the proceedings if any cheque is returned/dishonoured.