The petitioners are accused in S.C.No.17/2007. The trial Court convicted the petitioners/accused under Section 138 of Negotiable Instrument Act and sentenced the second petitioner/A2 to undergo imprisonment for 6 months. Since the first petitioner is the company, the trial court directed the first petitioner to pay a sum of Rs.4,30,000/- as compensation to the respondent/complainant within a period of one month. Challenging the same, the petitioners have filed an appeal in C.A.No.167 of 2008 on the file of the III Additional Sessions Court, Chennai, and the lower appellate court dismissed the appeal, by confirming the conviction and sentence passed by the trial court. Challenging the same, the present revision has been filed.
2. Now, pending revision, the parties have settled the matter between themselves and the petitioners/accused had paid a sum of Rs.5,50,000/- by way of a Demand Draft and the respondent has also received the same. Today, both the petitioner/accused and the respondent/complainant were present and the complainant also acknowledged the receipt of the Demand Draft.
3. In the above circumstances, since the dispute between the parties have been settled between themselves, the revision is allowed and the conviction and sentence passed by the courts-below are set-aside and the petitioners stand acquitted.
09.01.2017 mrp Index:Yes To
1. The Sessions Judge., III Additional Sessions Judge, Chennai.
2. The Judge, XII Small Causes Court/Special Metropolitan Magistrate, Chennai.
3.The Public Prosecutor, High Court, Madras.
V.BHARATHIDASAN, J.
mrp Crl.R.C.No.1577 of 2008 09.01.2017 http://www.judis.nic.in