K.Jaya Prabha v. G.Sundar
Case brief
What is this about?
Petitioners convicted and sentenced for cheque dishonour in an NI Act case sought revision after appellate dismissal. Parties reached settlement; filed compounding petition under Section 147 NI Act. Court compounded the case and allowed the criminal revision case.
What did the court decide?
Case compounded per Section 147 N.I.Act; respondent permitted to collect Rs.65,650/- deposited amount plus accrued interest from trial Court.