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of <h1>Conviction Overturned: Settlement Leads to Acquittal in Negotiable Instruments Act Case, Emphasizing Offence Compounding.</h1> <h3>Lasky Kumar Versus Ravi Jain and anr.</h3> Lasky Kumar Versus Ravi Jain and anr. - TMI Issues:The issues involved in the judgment are the dismissal of the appeal against the conviction and sentence, the compounding of the offence under Section 138 of the Negotiable Instruments Act, and the settlement between the parties leading to the acquittal of the petitioner.Appeal Dismissal:The petitioner had filed a revision petition against the order of the Additional Sessions Judge, Jalandhar, which dismissed the appeal against the judgment of conviction and sentence passed by the Judicial Magistrate 1st Class, Jalandhar, on 12.03.2018.Conviction and Sentence:The complainant had visited the accused, who took Rs.12,00,000/- and failed to return the amount as agreed, leading to the initiation of proceedings under Section 138 of the Negotiable Instruments Act. The accused was ultimately held guilty, convicted under Section 138, and sentenced to two years of rigorous imprisonment along with a compensation order.Compounding of Offence:The petitioner filed a revision petition along with an application under Section 320(6) read with Section 482 Cr.P.C. for compounding the offences under Section 138 of the Negotiable Instruments Act, as a settlement had been reached between the parties. A lump sum payment of Rs.5,75,000/- was made towards the dishonoured cheques, enabling the compounding of the offence as per Section 147 of the Act.Acquittal and Release:The High Court allowed the revision petition, setting aside the previous orders and acquitting the petitioner of the charge under Section 138 of the Negotiable Instruments Act. The petitioner was ordered to be released forthwith if not required in any other case, as the parties had voluntarily settled their disputes.This judgment highlights the legal provisions for compounding offences under the Negotiable Instruments Act, emphasizing the possibility of acquittal upon settlement between the parties. The Court's decision to allow the compounding of the offence in light of the mutual settlement showcases the importance of amicable resolutions in legal proceedings.
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