P Muniraju v. Venkatesh N R
Case brief
What is this about?
In a criminal revision petition challenging conviction under Section 138 of the Negotiable Instruments Act, the High Court of Karnataka allowed the petition based on a joint settlement memo between parties, permitted compounding of the offence, set aside the conviction and sentence, and ordered release of deposited amount.
What did the court decide?
The criminal revision petition is allowed; conviction and sentence are set aside; petitioner is acquitted; respondent permitted to withdraw Rs.85,000 deposited.