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THE HIGH COURT OF KARNATAKA
MR. S VISHWAJITH SHETTY, J
SRI SUMIT TANDON – Appellant
Versus
SRI KRISHNA FABRICS – Respondent
| Table of Content |
|---|
| 1. parties involved in multiple petitions stemming from the same transaction. (Para 1 , 2) |
| 2. overview of the original claims and the trial court's decisions regarding cheque dishonor and convictions. (Para 3 , 4) |
| 3. petitioner's arguments regarding the willingness to pay and the implications of prior judgments. (Para 5 , 6) |
| 4. court’s observations related to the application of established guidelines and the petitioner's offer to settle. (Para 7 , 8 , 9) |
| 5. final decision on the payment structure and the confirmation of previous judgments. (Para 10 , 11) |
ORAL COMMON ORDER
2. Heard the learned counsel for the parties.
4. In the said proceedings, by a common judgment and order, the accused were convicted for offence punishable under Section 138 of N.I. Act and sentenced to pay ₹.40,00,000/-, ₹.9,40,000/-, ₹.20,00,000/- and ₹.12,00,000/- in C.C.No.17202 of 2012, CC No. 17203 of 2012, 17204 of 2012 and 17205 of 2012 respectively with interest at 9% per annum from the date of cheque till payment of the entire amount. The said judgment and order of conviction and sentence passed by the Trial Court in the aforesaid four cases was confirmed by the Appellate Court by separate judgm
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