Sri. B. Vijaya Kumar Hegde v. M/S. Kanva Power Projects
Case brief
What is this about?
High Court of Karnataka allowed a criminal revision petition under Section 397 read with Section 401 Cr.P.C. The Court accepted a joint compromise petition filed under Section 147 of the Negotiable Instruments Act, 1881. Consequently, the conviction and sentence of the accused were set aside, and he was acquitted of the charge.
What did the court decide?
Conviction and sentence set aside; petitioner acquitted; application under Section 147 NI Act allowed; bail bonds cancelled; compensated amount deposited returned as per order.