Sri. S. C. Jayaram v. Sri. Ganesh
Case brief
What is this about?
High Court Revision Petition where accused challenged conviction under Section 138 NI Act. Court allowed compoundment of offence based on joint memo showing dispute settled via Rs.5 lakh payment and release of court deposit. Conviction set aside and petitioner acquitted.
What did the court decide?
Order of conviction set aside; petitioner acquitted; offence compounded; withdrawal of court deposit permitted.