In Brief
A. Natarajan was convicted under Section 138 of the Negotiable Instruments Act, 1981 and fined Rs. 2,05,000. On appeal to the Supreme Court, both parties presented a memorandum of understanding indicating they had amicably settled the matter. The Court allowed the appeal and set aside the conviction, acquitting the appellant of all charges. The Court relied on Section 320(8) of the Code of Criminal Procedure, which permits settlement and withdrawal of criminal cases.
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