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2022 (4) TMI 299 - HC - Indian LawsDishonor of Cheque - section 138 of NI Act - matter is amicably settled between the parties - HELD THAT:- Matter stands amicably settled between parties. In this regard statements of learned counsel for the petitioner as well as learned counsel for respondent No. 1 have been recorded. Both of them have stated that they are duly authorized to make statement on behalf of their respective clients and to communicate amicable settlement to the Court. It has been communicated by them that as complainant- respondent has agreed to withdraw the complaint for compounding the case against receipt of entire compensation amount, petitioner-accused does not intend to contest the petition on merit and thus prayer has been made to decide the case in terms of compromise. The respondent/complainant is permitted to withdraw the complaint and matter is compounded and complaint arising out of dishonor of cheque, under Section 138 of the Negotiable Instruments Act, is treated to be withdrawn and judgments of conviction and sentence passed by the Courts below are quashed and set aside. Petitioner-accused is acquitted of the accusation framed against him. The petitioner/accused is directed to deposit ₹ 2,000/- as compounding fee with the H.P. State Legal Services Authority, Shimla within six weeks from today - Trial Court is directed to release ₹ 2,50,000/- deposited by the petitioner-accused, along with interest, if any, accrued thereon, in favour of respondent-complainant by remitting the same in bank account of respondent-complainant Tarsem Singh - petition disposed off.
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