IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Criminal Revision No. 515 of 2009 (O&M) Date of Decision : 12.7.2011. M/s Shree Nanak Wood Wool Industries, Naraingarh & others ...... Petitioners Versus Charanjit Singh ...... Respondent CORAM : HON'BLE MR. JUSTICE NAWAB SINGH Present: Mr. Daldeep Singh, Advocate, for the petitioners. Complainant in person with Mr. S.M. Sharma, Advocate. NAWAB SINGH J.(ORAL) This revision is directed against the judgment dated February 18th, 2009 passed by Additional Sessions Judge, Ambala, upholding the judgment of conviction and order of sentence dated August 3rd, 2007 of Judicial Magistrate First Class, Ambala City, whereby, petitioners were convicted for the offence punishable under Section 138 of Negotiable Instrument Act (for short 'N.I. Act') and sentenced to undergo rigorous imprisonment for a period of one year and to pay fine of Rs.3000/- with default stipulation. 2. Learned counsel for the parties have urged that during pendency of revision, matter has been compromised between the parties and the complainant has received the cheque amount. They have also tendered compromise-deed (Annexure A-1). In 'Vinay Devanna Nayak Vs. Ryot Seva Sahakari Bank Limited' 2008 (1) RCR (Criminal) 249, Hon'ble Supreme Court allowed the compromise entered between the parties in view of Section 147 of N.I. Act and the primary object underlying Section 138 and acquitted the accused/appellant. 3. Since the matter has been settled between the parties and in view of provisions of Section 147 of N.I. Act and law Criminal Revision No. 515 of 2009 (O&M) (2) laid down in the aforesaid authority, the revisionists are entitled to acquittal. Resultantly, the revision is accepted and the orders of conviction and sentence passed by the Courts below are set-aside and the petitioners are acquitted. (NAWAB SINGH) JUDGE 12.7.2011. SN