Sri Sathya Narayana v. Vs M/S Yelahanka Merchants Finance Company
Case brief
What is this about?
Karnataka High Court single-judge oral order disposing of CRL.RP No. 1419 of 2022 (under Section 397 read with Section 401 Cr.P.C). Accused-petitioner Sathya Narayana V. had been convicted under S.138 of the N.I. Act (cheque dishonour) with a fine of Rs.2,08,125/- and six months' simple imprisonment in default (C.C.No.29559/2017, judgment dated 08.01.2021), conviction confirmed in appeal (Crl.A.No.119/2021, judgment dated 07.03.2022). Dispute resolved through court-referred mediation; settlement agreement recorded and revision petition disposed of without merits adjudication. Keywords: S.138 NI Act; criminal revision; mediation; settlement agreement; disposal; Karnataka High Court; 2026.
What did the court decide?
With the settlement agreement executed by the parties before the Mediator placed on record, the criminal revision petition stands disposed of; the order makes no finding on the merits of the conviction.