Jai Parkash v. Rakesh Kumar
Case brief
What is this about?
Section 138 NI Act; cheque dishonoured, insufficient funds, Rs. 2,50,000/-; conviction and sentence 08.02.2019 (simple imprisonment one year, Rs. 3,50,000/- compensation); appeal dismissal 16.10.2020; Cr. Revision under Sections 397 and 401 Criminal Procedure Code; post-conviction compounding under Section 147 of the Act per guidelines of Damodar S. Prabhu V. Sayed Babalal H. (2010) 5 SCC 663; amicable settlement, Rs. 2,75,000/- paid, release of Rs. 75,000/- trial-court deposit to complainant; quashing of conviction and sentence; acquittal of accused; High Court of Himachal Pradesh, Shimla; Kangra at Dharamshala.
What did the court decide?
Offence compounded under Section 147 of the Act in accordance with the guidelines in Damodar S. Prabhu V. Sayed Babalal H.; judgments of conviction and sentence dated 08.02.2019 and 16.10.2020 quashed and set aside; petitioner-accused acquitted of the charge under Section 138; trial court directed to release Rs. 75,000/- lying with it to the complainant by remittance to his bank account (details to be furnished within one week); interim orders vacated; bail bonds discharged; petition disposed of alongwith pending applications.