Shri Achut S/O Hanumant Nayak v. Shri Anjaneya Finance and Investment Corporation
Case brief
What is this about?
Karnataka High Court, Dharwad Bench; CRL.RP No. 100434 of 2022; Justice V. Srishananda; S.138 NI Act cheque-dishonour conviction confirmed in Crl. Appeal No. 65/2021 (Haveri) arising from C.C. No. 171/2016 (Hangal); revision disposed of on settlement memo; part-payment and balance in three instalments; default clause of six months simple imprisonment; State-defraying fine of Rs.5,000 set aside; amount in deposit withdrawable by complainant; parties: Achut v. Anjaneya Finance and Investment Corporation (Ningappa Shiragod); advocates B.M. Patil and I.Y. Patil.
What did the court decide?
Revision petition disposed of on the settlement memo: petitioner to pay the remaining cheque amount of Rs. 2,00,000/- in three instalments (Rs. 65,000/- by 14/04/2025, Rs. 65,000/- by 30/04/2025, Rs. 70,000/- by 09/05/2025), failing which simple imprisonment for six months; fine of Rs.5,000/- towards defraying expenses of the State set aside; amount in deposit to be withdrawn by the complainant under due identification.