Sri. Nagaraja Naika v. Sri. Balakrishna
Case brief
What is this about?
A criminal revision petition over a Section 138 Negotiable Instruments Act conviction was settled between parties for Rs.2,00,000 via joint memo under Section 147 NI Act; the court set aside the conviction and acquitted the petitioner.
What did the court decide?
Conviction set aside; petitioner acquitted of Section 138 NI Act offence upon settlement; respondent permitted to withdraw Rs.48,000 deposit.