A Krishna v. Sriram Fin Corporation
Case brief
What is this about?
The Court disposed of two Criminal Revision Petitions filed under CrPC Sections 397/401. Upon party submission that the cheque dishonour matters were settled and applications under Section 147 NI Act were made, the petitioner was acquitted in both cases. The Trial Court was directed to release the deposited amount to the respondent and the petitioner to deposit a fine of Rs.5,000 each.
What did the court decide?
Petitioners acquitted for Section 138 NI Act offences. Trial Court directed to release deposited amount. Petitioner to deposit fine of Rs.5,000 in each case.