V.G.Narayanankutty v. Urban Chits (P) Ltd.
Case brief
What is this about?
High Court at Ernakulam affirmed conviction regarding cheque dishonour under Section 138 NI Act. Sentence partially modified to imprisonment only upon compliance with condition of paying compensation to complainant within three months.
What did the court decide?
Conviction confirmed; sentence modified to imprisonment till rising of court if petitioner pays Rs. 33,000 compensation within three months; default sentence remains three months simple imprisonment.