{1} Cri. Revision No.191/2009 drp IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT AURANGABAD CRIMINAL REVISION APPLICATION NO.191 OF 2009 Gyandeo Namdeorao Khating APPLICANT VERSUS The Sanjivaji Urban Cooperative Bank Ltd., & Ors RESPONDENTS ....... Mr.S.K.Chavan, Advocate for the applicant Mr.S.G.Nandedkar, APP for respondent State Mr.S.M.Ganachari h/f Mr.Rajendra Deshmukh, advocate for R-1 ....... [CORAM : A.V.POTDAR, J.] DATE: 27 th September 2011 PER COURT: 1. This revision is directed against the order dated 13.07.2009 passed by Sessions Judge Parbhani thereby dismissing Criminal Appeal No.85/2007 which was preferred against the judgment and order of conviction dated 29.08.2007 rendered by 1st JMFC, Parbhani in SCC No.48/2006 thereby convicting the applicant u/s 138 of the Negotiable Instruments Act and sentencing him to imprisonment for three months and to pay fine {2} Cri. Revision No.191/2009 of Rs.5000/-, in default to suffer SI for two months and to pay a compensation of Rs.25,000/-. 2. It appears that after the revision came to be filed, respondent No.1 has been merged with Vaidyanath Urban Cooperative Bank Ltd. After the said amalgamation said bank has introduced one time settlement scheme, which is availed by the applicant and has paid the due amount to the satisfaction of the bank. In view of this on 19.09.2011, a precepie was filed by the authorized officer i.e. the Branch Manager stating that the dues are paid by the applicant and the complainant has no grievance against the accused and does not intend to prosecute the applicant further. 3. In the light of this, it is urged that by virtue of provisions u/s 147 of the Negotiable Instruments Act, offence punishable u/s 138 of the said Act has been made compoundable and as the dues are cleared by the applicant and respondent- complainant does not intend to prosecute the applicant further, the order of conviction be quashed. {3} Cri. Revision No.191/2009 4. In view of the fact that the parties have settled the dispute outside the court, permission is granted to them to compound the offence u/s 147 of the Negotiable Instruments Act. Consequently, the order impugned in the revision, passed in SCC No.48/2006 dated 29.08.2007 and order dated 13.07.2009 passed in Criminal Appeal No.85/2007 are hereby quashed and set aside. The applicant is acquitted of the offence with which he was charged and convicted. His bail bonds stand cancelled. Revision application stands disposed of accordingly. [A.V.POTDAR, J.] drp/B11/crirevn191-09