2021 (5) TMI 49

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....rder of sentence dated 5.5.2016, passed by the learned ACJM-I, Sundernagar, District Shimla in Complainant No. 198-I of 2014, whereby the learned trial Court while holding the petitioner-accused guilty of having committed offence punishable under Section 138 of the Negotiable Instruments Act (in short the "Act"), convicted and sentenced him to undergo simple imprisonment for a period of two years and pay compensation to the tune of Rs. 7,00,000/- to the complainant. 2. Precisely, the facts of the case, as emerge from the record are that respondent-complainant-bank advanced house loan in favour of the accused, who with a view to discharge liability issued cheque No. 911879, amounting to Rs. 6,00,000/- drawn at SBI Sundernagar on 28.12.201....

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....sfaction of the learned trial Court within four weeks. 6. On 9.3.2021, learned counsel for the petitioner in Cr.R No. 257 of 2020, informed this Court that petitioner is in the process of settling the dispute with the respondent bank and as such, vide aforesaid order, petitioner was directed to remain present in the Court. 7. Today, during the proceedings of the case, Mr. Surender Verma, Advocate on the instructions of the petitioner, who is present in the Court, stated that since the petitioner has entered into compromise/one time settlement with the respondent bank, this Court while exercising power under Section 147 of the Act, may proceed to compound the offence and acquit the petitioner of the charges framed against him. 8. Wi....