1 IN THE HIGH COURT OF BOMBAY AT GOA CRIMINAL REVISION APPLICATION NO. 51 OF 2008 with CRIMINAL MISCELLANEOUS APPLICATION NO. 223 OF 2008 Shri Arun Nagolkar ... Petitioner V/s Shri Pandurang Naik & anr. .... Respondents Mr. R. Naik, Advocate for the Petitioner. Mr. L. Salkar, Advocate for Respondent No.1. CORAM : N.A. BRITTO, J. DATE : 7th MARCH, 2009 P.C.: Heard Counsel on behalf of both parties. The Complainant is present before the Court. The accused is arrested to undergo the sentence imposed. Counsel on behalf of both parties have presented an application duly signed by the Complainant, as well as, the accused and their respective advocates, with a view to compound the offence under Section 138 of the Negotiable Instruments Act, 1881. In view of the application, the parties are permitted to compound the offence in terms of clause 4 of the application, which reads as under: “4. By the said Agreement, the Applicant (Original Accused) will pay by himself and through his friends and relatives, a total sum of Rs. 3,30,000/- (Rupees Three Lakhs Thirty Thousand Only) to the Respondent (Original Complainant) in full and final settlement of their dispute. Further, as part of the said amount of Rs. 3,30,000/- to be paid by the Accused to the Complainant, the sum of Rs. 50,000/- which was deposited by the Accused in the Court of District & Sessions Judge, South Goa at Margao in the Criminal Appeal No. 1/2008 shall be paid over to the Complainant (Mr. Pandurang G. Naik).” 2 2. As a result, the accused would now stand acquitted under Section 138 of the said Act in CC No. 126/OA/NIA/2007/D. Needless to say, the jailer will release the accused from the jail. N.A. BRITTO, J. NH/-