M.Bhaskara Reddy S/o Late Balakota Reddy, v. M.v.Subrahmanuyam S/o Late Kuppu Swamy
Case brief
What is this about?
The court allowed a petition under Section 147 of the Negotiable Instruments Act to compound an offence under Section 138. The court directed the appellant to deposit 15% of the cheque amount as per Damodar S. Prabhu guidelines, which was subsequently done, leading to the acquittal of the accused.
What did the court decide?
Petitioners permitted to compound offence; Crl.A.M.P. No.494 of 2017 and Crl.A.No.303 of 2015 allowed; appellant acquitted.