HIGH COURT OF MADRAS
Honourable Mr Justice SUNDER MOHAN
LOGANATHAN – Appellant
Versus
ALEXANDER – Respondent
ORDER
The Criminal Revision Petition challenges the conviction of the petitioners for the offence under Section 138 of Negotiable Instrument Act and sentence imposed on the petitioners to undergo rigorous imprisonment of one year.
2.It is the case of the respondent that the first accused is an Association that issued two cheques one for Rs.12,00,000/- and the other for Rs.3,72,000/-, and totally, a sum of Rs.15,72,000/-, that the cheques when presented for collection was returned for the reason insufficient funds and inspite of statutory notice, association and the persons in charge of the association did not pay the cheque amount and hence, a complaint uner Sction 138 of NI Act was filed.
3.Both the courts below convicted the petitioners and another accused one Ashok Kumar by the impugned judgments. Pending the criminal revision case, the parties have arrived at a compromise by which the association and the persons in charge had agreed to settle the cheque amount of Rs.15,72,000/- and that pursuant to the said agreement, the sum of Rs.2,00,000/- was paid on 23.09.2024 and a sum of Rs.10,57,600/- was paid on 22.10.2024 and that the remaining sum of Rs.3,14,000/- is deposited to the cr
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