Sri Rajendra Reddy v. Sri C Govindan
Case brief
What is this about?
Revision against conviction and sentence for an offence under the Negotiable Instruments Act. The parties settled amicably for Rs.3,00,000/- and applied to compound the offence under Section 147 NI Act. Permission was granted, convictions were set aside and the petitioner was acquitted.
What did the court decide?
Petitioner acquitted of offence punishable under S.138 NI Act; conviction and sentence set aside; respondent free to withdraw Rs.1,90,000/- trial court deposit; bail bonds cancelled.