Smt. Rekha v. Sri Prakash
Case brief
What is this about?
The High Court of Karnataka disposed of a criminal revision petition arising from a cheque dishonour conviction under Section 138 of the Negotiable Instruments Act. The parties arrived at a settlement whereby the petitioner paid the full amount of Rs. 1,00,000 to the respondent, which was acknowledged in court. The court acquitted the petitioner by compounding the offence, ordered the release of the deposited amount to the respondent, and directed the petitioner to pay the fine of Rs. 10,000 imposed by the trial court within two weeks.
What did the court decide?
Petitioner acquitted by compounding the offence under Section 138 NI Act; deposit ordered to be released to respondent; petitioner to pay fine of Rs. 10,000 within two weeks.