Bhushan S/O Vasant Bangodi v. Jayashankar Kalkundrikar Multi-Purpose
Case brief
What is this about?
A cheque dishonour conviction under Section 138 NI Act, affirmed on appeal, was challenged in revision. The parties filed a joint memo settling for Rs.1,10,000/- and compounded the offence. The High Court set aside the conviction and sentence and acquitted the accused.
What did the court decide?
Conviction and sentence under S.138 NI Act set aside; petitioner acquitted; Rs.1,10,000/- settled with respondent; bail bond and surety cancelled.