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JASJIT SINGH BEDI
Lovepreet Singh – Appellant
Versus
Punjab National Bank – Respondent
JUDGMENT
Mr. Jasjit Singh Bedi, J. (Oral)
CRM-53396-2023
The application for placing on record documents dated 01.01.2023 (Annexure P-1 and P-2) is allowed as prayed for. The aforesaid documents are taken on record.
CRR-2904-2023
The present revision petition has been filed against the judgment dated 20.11.2023 passed by the Additional Sessions Judge, Mansa vide which the appeal preferred by the petitioner against the judgment of conviction and order of sentence dated 22.02.2017 passed by the Additional Chief Judicial Magistrate, Mansa, has been dismissed.
2. Briefly, the facts of the case are that the accused-petitioner had raised a loan for an amount of Rs. 6,37,000/- and a limit loan of Rs. 2,52,000/- totalling Rs. 8.89,000/- from the respondent/complainant-Bank. Thereafter, the loan account was declared NPA on 17.04.2015 and in order to discharge his legal liability, the accused-petitioner issued a cheque bearing No.44026 dated 12.10.2015 for a sum of Rs. 8,36,000/- in favour of the respondent- Bank. On presentation of the said cheque, the same was returned with the remarks 'Funds Insufficient' vide memo dated 12.10.2015. Thereafter, the respondent-Bank issued a registered notice
The offence under Section 138 of the Negotiable Instruments Act is compoundable, allowing acquittal upon settlement between the parties.
The main legal point established is that the compounding of the offence under Section 138 of the Negotiable Instruments Act can be allowed based on a mutual compromise between the parties, leading to....
The offence under Section 138 of the Negotiable Instruments Act is compoundable, allowing for acquittal upon mutual settlement between the parties.
The offence under Section 138 of the Negotiable Instruments Act is compoundable, leading to acquittal upon settlement.
The offence under Section 138 of the Negotiable Instruments Act is compoundable, allowing for acquittal upon mutual settlement between parties.
The offence under Section 138 of the Negotiable Instruments Act can be compounded upon mutual settlement of the parties, leading to acquittal.
Once a settlement is reached between the parties in a dishonoured cheque case, the offence under Section 138 of the Negotiable Instruments Act can be compounded, leading to acquittal.
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