IN THE HIGH COURT OF BOMBAY AT GOA CRIMINAL REVISION APPLICATION NO. 75 OF 2008 SHRI. NILESH BABUSO NAIK PRESENTLY LODGED AT SADA JAIL THROUGH NEXT FRIEND NEHJA NILESH NAIK ... Petitioner Versus SMT. VASSANTI KRISHNA MEITRI AND ANR., ... Respondents Mr. A. D. Bhobe, Advocate for the Applicant. Mr. P. A. Kamat, Advocate for Respondent No.1. Coram:- N. A. BRITTO, J. Date:- 5th November, 2008 P.C.:- Heard learned Counsel on behalf of both the parties. Vakalatnama filed by Mr. A. D. Bhobe and Mr. P. A. Kamat be placed on record. Both the parties have filed an application for compounding the offence under Section 138 of the Negotiable Instruments Act, 1881. The Respondent No.1/Complainant has been paid a sum of Rs.93,000/- as stated in para 3 of the application and both the parties have agreed that a sum of Rs.50,000/- deposited by the Applicant/Accused before the learned J.M.F.C. will be paid to the Respondent No.1. In para 4, the Applicant/Accused has conveyed his no objection for the withdrawal of the said amount of Rs.50,000/-. Learned Counsel on behalf of both the parties submit that in view of the payment of Rs.93,000/- to the Complainant and Rs.50,000/- to be withdrawn by the Complainant from the Court of the learned J.M.F.C., Canacona, the parties desire to compound the offence under Section 138 of the said Act for which they seek permission. In view of the submissions made and the application filed, the offence under Section 138 of the Act shall stand compounded and consequently the Applicant/Accused shall stand acquitted under Section 138 of the said Act. Needless to say, the Judgments of the Courts below convicting and upholding the conviction, respectively, shall stand set aside. Since the Applicant/Accused is in custody he shall be released forthwith, if not required in any other case. N. A. BRITTO, J. RD.