Sri Somashekhar T N v. Prashanth Devaraya
Case brief
What is this about?
Cheque dishonour conviction challenged in revision. Parties settled by joint memo; petitioner tendered Rs.60,000 completing full compensation of Rs.1,30,000 fine. Court allowed application under Section 147 NI Act, set aside conviction confirmed by appellate court, and permitted withdrawal of deposited amount.
What did the court decide?
Conviction set aside on payment of full compensation under Section 147 NI Act; complainant allowed to withdraw amount in deposit.