M/S.Royal Polymer v. M/S.Royal Polymer Distributors
Case brief
What is this about?
The Kerala High Court allowed a revision petition seeking quashing of conviction under Section 138 NI Act where the accused settled the matter outside court after trial. Having received full payment as per compromise, the court acquitted the accused and set aside the trial court's order, citing Section 147 NI Act and Section 320 Cr.P.C.
What did the court decide?
Conviction and sentence set aside; accused acquitted and set at liberty; compromise petition allowed.