In Brief
The appellant was convicted of issuing a dishonoured cheque under Section 138 of the Negotiable Instruments Act, 1881 by the trial court, a decision affirmed by appellate and revisional courts. In appeals before the Supreme Court, the parties negotiated a settlement. The appellant paid the principal amount of Rs. 1,90,000 to the respondent and deposited Rs. 40,000 before the Supreme Court Registry. Following a court-suggested settlement figure of Rs. 1,25,000, the appellant agreed to deposit a further Rs. 85,000 before the trial court. The Court set aside the conviction and disposed of the appeals, permitting resolution through agreed monetary settlement.
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