M/S. N S Electricals v. Crompton Greaves Ltd.
Case brief
What is this about?
Before the High Court Legal Services Committee Lok Adalat, the court recorded a settlement between the petitioner firm and Crompton Greaves Ltd regarding a dishonoured cheque (CC No.27873/2002). The parties agreed to a compensation of Rs.4,55,000 (four lakh fifty-five thousand). Upon settlement, the court acquitted the accused and disposed of the revision petition by dismissing the appeal.
What did the court decide?
The accused has been acquitted of the offence charged. The appeal filed against the order is dismissed. An application u/s 147 of NI Act filed by the parties is permitted; the matter has been compromi