Sri C R Nagesh v. R Shanmukakumur
Case brief
What is this about?
Criminal revision against conviction under Section 138 NI Act for a dishonoured cheque of Rs.3 lakh. Parties settled amicably via joint memo; accused to pay Rs.3.75 lakh in instalments. Court set aside judgments of both courts below and the trial Magistrate's finding.
What did the court decide?
Impugned judgments of both courts below set aside along with trial Magistrate's finding, pursuant to joint memo of settlement.