Sri G v. Sridhar v Smt Sunanda
Case brief
What is this about?
Revision against concurrent convictions for cheque dishonour. Parties filed a joint application under Section 147 NI Act with affidavits stating the dispute was settled amicably. The Court allowed the application, acquitted the accused, set aside the fine, and recorded tender of demand drafts of Rs.8,40,000 to the complainant.
What did the court decide?
Conviction under S.138 NI Act set aside; accused acquitted; Rs.10,000 fine set aside; complainant to withdraw deposit; Rs.8,40,000 paid via demand drafts.