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JASJIT SINGH BEDI
Harbhinder Singh – Appellant
Versus
Mahindra and Mahindra Financial Services Ltd. – Respondent
JUDGMENT
Jasjit Singh Bedi, J. (Oral)
The present revision petition has been filed against the order dated 18.07.2023 passed by the Sessions Judge, Fazilka, vide which the appeal preferred by the petitioner against the judgment of conviction and order of sentence dated 23.02.2023 passed by the Judicial Magistrate 1st Class, Abohar, has been dismissed.
2. The brief facts of the case are that the accused-petitioner approached the complainant for financing a vehicle make Hundai i20 Asta CRDI for personal necessity. After understanding all the terms and conditions, the accused executed an agreement No.1514310 dated 25.03.2011 in favour of the complainant company and a loan amount of Rs. 5,60,000/- was advanced to the accused. The accused promised to repay the loan of Rs. 8,82,800/- along with incidental interest and other charges thereof in 60 easy monthly instalments as per the aforesaid agreement. After advancement of the loan, the accused-petitioner had violated the terms and conditions of the agreement by defaulting in paying the instalments. When the officer of the company approached the accused-petitioner for payment of balance loan amount, the petitioner in discharge of his legal
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, allowing for acquittal upon mutual settlement between 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 can be compounded upon mutual settlement of the parties, leading to acquittal.
The offence under Section 138 of the Negotiable Instruments Act is compoundable, allowing acquittal upon settlement between the parties.
The offence under Section 138 of the Negotiable Instruments Act is compoundable, leading to acquittal upon settlement.
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