Sri L Chandrashekar v. Sri M S Jayaramegowda
Case brief
What is this about?
In a criminal revision petition, the Karnataka High Court allowed an application under Section 147 of the Negotiable Instruments Act to compound the offence. Based on a joint settlement memo, the petitioner was acquitted of the cheque dishonour charge.
What did the court decide?
Petitioner acquitted of offence under Section 138 NI Act; application to compound allowed; offence compounded.