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2021 (3) TMI 598 - HC - Indian LawsDishonor of Cheque - non-repayment of friendly loan - section 138 of NI Act - HELD THAT:- This Court finds that during pendency of this criminal revision, the petitioner deposited an amount of ₹ 1,50,000/- in the bank account of this Court, the petitioner has shown his intention to settle the case out of court and the learned counsel for the opposite party no.2 has also expressed that if the amount of ₹ 1,50,000/- is remitted to the complainant's account, he has no objection if the conviction as well as the sentence of the petitioner is set aside. It is not in dispute that the present case arises out of friendly loan between the parties and the matter is under Section 138 of Negotiable Instrument Act. This case is disposed by way of compromise between the petitioner and opposite party no. 2. Accordingly, the conviction as well as the sentence of the petitioner arising out of Complain Case are hereby set aside on account of settlement out of court between the parties - Revision application disposed off.
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