K.Vivekananda Reddy Katama v. Rahul Nambiar
Case brief
What is this about?
Petitioners sought revision of an order in a cheque case; respondent filed a compounding petition invoking Section 147 of the NI Act after settlement payments of principal plus additional 10%. The court allowed compounding, discharged petitioners, permitted withdrawal of deposited amounts, and directed credit in execution proceedings.
What did the court decide?
Offence compounded; petitioners discharged; complainant permitted to withdraw deposited amounts; credit for settled amount in EP proceedings.