Sri.K.Jagadish v. Smt.Leelavathi
Case brief
What is this about?
A criminal revision against conviction for cheque dishonour was settled between the parties by joint memo; the petitioner paid Rs.4,98,000 towards full and final settlement and the court compounded the offence under Section 147 NI Act, acquitting him.
What did the court decide?
Petitioner acquitted under Section 138 NI Act on compounding after paying Rs.4,98,000 in full settlement; permitted withdrawal of deposited amounts.