https://www.taxtmi.com/caselaws?id=421742 The appellate court partly allowed the appeal, confirming the conviction under Section 138 of the Negotiable Instruments Act. Both parties reached an amicable settlement, with no objection to quashing the judgment. Despite the objection by the APP, the court, citing legal precedent, emphasized promoting faith in banking operations. Consequently, the court allowed the revision application, quashed the judgments, acquitted the applicant, permitted withdrawal of the deposited amount, and modified the compensation amount to Rs. 50,000 to be paid within four weeks. en-us Tue, 26 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:40:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421742 The appellate court partly allowed the appeal, confirming the conviction under Section 138 of the Negotiable Instruments Act. Both parties reached an amicable settlement, with no objection to quashing the judgment. Despite the objection by the APP, the court, citing legal precedent, emphasized promoting faith in banking operations. Consequently, the court allowed the revision application, quashed the judgments, acquitted the applicant, permitted withdrawal of the deposited amount, and modified the compensation amount to Rs. 50,000 to be paid within four weeks. Case-Laws Indian Laws Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421742