In Brief
Pundalik Subhanna More was convicted under Section 138 of the Negotiable Instruments Act, 1881 (cheque bounce) by the trial court, a decision affirmed by the appellate and revisional courts. In appeal before the Supreme Court, the appellant paid the principal amount of Rs. 1,90,000. The Court suggested a settlement of Rs. 1,25,000 in total, which both parties accepted. The appellant deposited Rs. 85,000 additionally, and the respondent received Rs. 40,000 from the Supreme Court Registry. The Court set aside the conviction and disposed of the appeals, allowing settlement without requiring imprisonment.
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