P v. Muniraju v K v Ramakrishna Reddy
Case brief
What is this about?
Conviction under Section 138 NI Act for a dishonoured cheque of Rs.70,000 was challenged in revision. The accused handed over Rs.50,000 to the complainant and undertook to pay Rs.20,000 by 30.04.2024; conviction was set aside and he was acquitted.
What did the court decide?
Conviction and sentence set aside; petitioner acquitted subject to payment of balance Rs.20,000 by 30.04.2024.