In Brief
The appellant was convicted under Section 138 of the Negotiable Instruments Act, 1981 for cheque dishonour and fined Rs. 2,05,000. The Supreme Court allowed the appeal after both parties—the appellant-accused and the respondent-complainant—submitted a memorandum of understanding showing they had amicably settled the matter. The Court held that in view of the compromise deed, the conviction was set aside under Section 320(8) of the CrPC, and the appellant was acquitted of all charges.
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