2004 (3) TMI 819

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..... Appellants herein were convicted by the Chief Judicial Magistrate, Gwalior for offences punishable under Section 138 of the Negotiable Instruments Act and were sentenced to undergo imprisonment for six months and fine of ₹ 2000. The said court also awarded a compensation of ₹ 10,25,000 to the complainant. 4. In appeal filed against the said conviction and sentence by the Appellants .....

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..... the case of Texmaco Ltd. v. State of A.P. (2000) 1 SCC 763, where this Court on similar facts and circumstances of that case, had allowed such prayer and set aside the conviction and sentence. 6. We have perused the records of the said case, which in our opinion are similar to the facts of the present case and we think it proper that prayer of the parties seeking to settle the dispute and prayi .....

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