Lalith Bhandari v. Vasantlal S. Jain
Case brief
What is this about?
In a criminal revision petition under Sections 397 and 401 CrPC, the Karnataka High Court examined a challenge to a conviction and sentence under Section 138 NI Act. Upon the filing of a Section 147 NI Act application regarding an amicable settlement with a sum of Rs.60,000/-, the court allowed the settlement, acquitted the petitioner, and set aside the impugned conviction and sentence.
What did the court decide?
Petitioner acquitted of offence under Section 138 NI Act; conviction and sentence set aside; fine of Rs.60,000/- ordered to be released to respondent; graded cost dispensed with due to petitioner's pa