Sri G P Ramanna v. Sri C v Veerabhadrappa Gowda
Case brief
What is this about?
Revision against conviction under Section 138 NI Act was disposed of on a joint memo of compromise; accused agreed to pay Rs.5,00,000 compensation, with deposits made and balance paid in cash. Court recorded the memo, allowed withdrawal of the deposited amount, and set aside the Rs.10,000 fine after full payment.
What did the court decide?
Revision disposed of on joint memo; respondent may withdraw deposited amounts; Rs.10,000 fine set aside on payment of agreed compensation; conviction otherwise not quashed.