IN THE HIGH COURT OF JUDICATURE AT MADRAS
M. NIRMAL KUMAR, J
G.Venkatesh – Appellant
Versus
Velumyle – Respondent
| Table of Content |
|---|
| 1. summary of loan and cheque issuance. (Para 1 , 2 , 3) |
| 2. arguments contesting the loan validity. (Para 4 , 5) |
| 3. court's observation on compromise. (Para 6 , 9) |
| 4. final ruling and acquittal. (Para 10 , 11 , 12) |
O R D E R
The petitioner/accused was prosecuted by the respondent for offence under Section 138 of the Negotiable Instruments Act in C.C.No.203 of 2016. The trial Court, by judgment dated 01.02.2020 convicted the petitioner and sentenced him to undergo six months simple imprisonment and to pay the cheque amount of Rs.18,88,000/- as compensation. Aggrieved against the same, the petitioner preferred an appeal in Crl.A.No.96 of 2020 before the III Additional District and Sessions Judge, Coimbatore. The learned Sessions Judge, by judgment dated 08.02.2022, dismissed the appeal confirming the conviction and sentence of the trial Court, against which, the present revision is filed.
2.The case against the petitioner is that on 09.03.2015, the petitioner/accused borrowed a sum of Rs.18,88,000/- from the respondent/complainant to meet his urgent family and business requirement and agreed to repay the same with 12% interest. The petitioner also executed a demand promiss
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