M/S.Armour Pharmaceuticals v. M/S.T.v.S.Finance and Services
Case brief
What is this about?
In four criminal revision petitions arising from Section 138 NI Act proceedings, the High Court held that despite conviction and punishment being imposed, the offence remained compoundable under Section 147 NI Act. Relying on Supreme Court precedent, the Court exercised jurisdiction under Section 482 Cr.P.C. to quash convictions and sentences following an amicable settlement between parties.
What did the court decide?
Conviction and sentence imposed by courts below in C.C.Nos. 2177/2002, 361/2003, 362/2003 & 363/2003 are quashed in view of settlement between parties.