In Brief
The appellant was charged under Sections 406 and 420 IPC (criminal breach of trust and cheating). The Supreme Court had directed him to deposit Rs. 1,50,000. The complainant indicated willingness to receive the amount and abandon prosecution. The Court held that since these offences are compoundable, and the complainant wished to proceed with settlement, the deposit should be released to the complainant. The appellant was permitted to move the trial court for compounding the offence with the complainant's cooperation. The Court also ordered withdrawal of all coercive measures, including account freezing, allowing the parties to resolve the matter through settlement in the interest of justice.
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