Sri Sathya Narayana v. Vs M/S Yelahanka Merchants Finance Company

Karnataka HC10 Mar 2026CRL.RP/1411/2022

Case brief

AI extract

What is this about?

Keywords: High Court of Karnataka; CRL.RP No. 1411 of 2022; S.397 r/w 401 Cr.P.C.; 438 BNSS; S.138 N.I. Act; cheque dishonour conviction; C.C.No.29557/2017; Crl.A.No.120/2021; fine Rs.1,41,920/-; compensation Rs.1,36,920/-; confiscation Rs.5,000/-; mediation; memorandum of settlement; petition disposed of; V Srishananda J.; 10-03-2026. Use for: disposal of a Section 138 NI Act revision upon mediated settlement; no holding on merits of dishonour of cheque liability.

What did the court decide?

Revision petition disposed of upon placing on record the memorandum of settlement executed before the Mediator, following referral to mediation; the order records no other directions. ¶¶32

Sri Sathya Narayana v Vs M/S Yelahanka Merchants Finance… — Cheque Dishonour | Karnataka HC (2026)

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1 - NC: 2026:KHC:14279 CRL.RP No. 1411 of 2022

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HC-KAR

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10^TH DAY OF MARCH, 2026

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BEFORE

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THE HON'BLE MR. JUSTICE V SRISHANANDA CRIMINAL REVISION PETITION NO.1411 OF 2022

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(397(Cr.PC) / 438(BNSS))

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BETWEEN:

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SRI. SATHYA NARAYANA. V., S/O. LATE VENKATARAMANA SASTRY, AGED ABOUT 47 YEARS, RESIDING AT NO.33, 6TH CROSS, CHOLANAYAKANAHALLI, SIDDAPPA LAYOUT, NEAR GAYATHRI TEMPLE, R.T.NAGAR POST, BENGALURU-560032.

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…PETITIONER

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Digitally signed by AASEEFA PARVEEN Location: HIGH COURT OF KARNATAKA

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(BY SRI. K. P. BHUVAN, ADVOCATE)

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AND:

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M/S. YELAHANKA MERCHANTS FINANCE COMPANY, HEMAKUMAR NAGAR, BY PASS B.B. ROAD, YELAHANKA, BANGALORE-560064.

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REP. BY ITS MANAGER AND GPA HOLDER, SMT. ANITHA,

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NC: 2026:KHC:14279 CRL.RP No. 1411 of 2022

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HC-KAR

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W/O SRI NARENDRA KUMAR.

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…RESPONDENT

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(BY SRI. M. SUBRAMANI, ADVOCATE)

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THIS CRL.RP FILED U/S.397 R/W 401 CR.P.C PRAYING TO ALLOW THE ABOVE CRL.RP AND SET ASIDE BOTH THE JUDGMENT i.e., JUDGMENT DATED 08.01.2021 IN C.C.NO.29557/2017 ON THE FILE OF THE XXV ADDITIONAL CHIEF METROPOLITAN MAGISTRATE, BANGALORE IN CONVICTING THE PETITIONER/ACCUSED FOR THE OFFENCE U/S 138 OF N.I ACT, HE IS SENTENCED TO PAY THE FINE AMOUNT OF RS.1,41,920/- IN DEFAULT UNDERGO SIMPLE IMPRISONMENT OF 6 MONTHS AND ALSO PAY THE COMPENSATION OUT OF THE FINE AMOUNT COMPLAINANT IS ENTITLED FOR RS.1,36,920/AND JUDGMENT DATED 07.03.2022 PASSED IN CRL.A.NO.120/2021 ON THE FILE OF THE LXV ADDITIONAL CITY CIVIL AND SESSIONS JUDGE, BANGALORE CITY AND IN SO FOR AS CONFIRMING THE CONVICTION PASSED BY THE TRIAL COURT AND DIRECTED TO PAY THE RS.1,41,920/- AND REMAINING THE FINE AMOUNT OF RS.5,000/- IS ORDERED TO BE CONFISCATED TO THE SATE, AND CONFIRMED THE TRIAL COURT JUDGMENT AND ETC.

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THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

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CORAM: HON'BLE MR. JUSTICE V SRISHANANDA

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NC: 2026:KHC:14279 CRL.RP No. 1411 of 2022

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HC-KAR

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ORAL ORDER

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