G.Srinivasa Rao, Hyd v. Punjab National Bank, Hyd and Ano
Case brief
What is this about?
The High Court of Telangana allowed an Interlocutory Application to record a compromise in a Criminal Revision Case arising under Section 138 of the Negotiable Instruments Act. The court noted the petitioner had paid the dues and received a 'No Due' certificate from the respondent bank, leading to the court recording the compromise and acquitting the petitioner.
What did the court decide?
The criminal revision case was allowed; the petitioner was acquitted of the charge of Section 138 of the Negotiable Instruments Act by recording the compromise; the petitioner was permitted to withdra