... 1 ... IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL CRIMINAL CRIMINAL APPELLATE JURISDICTION APPELLATE JURISDICTION APPELLATE JURISDICTION CRIMINAL CRIMINAL CRIMINAL REVISION APPLICATION NO.18 OF 2006 REVISION APPLICATION NO.18 OF 2006 REVISION APPLICATION NO.18 OF 2006 AND CRIMINAL CRIMINAL CRIMINAL REVISION APPLICATION NO.19 OF 2006 REVISION APPLICATION NO.19 OF 2006 REVISION APPLICATION NO.19 OF 2006 M/s. Nova Insulation Pvt. Ltd. ...Applicants & Ors. (In both the Applications) Vs. State of Maharashtra & Ors. ...Respondents (In both the Applications) Mrs Manjula Rao for the Applicants. Shri A.S.Shitole, A.P.P for the State. Shri Vishal Maheshwari i/by Negrandhi Shah & Himayatullah for the Respondent No.2. CORAM CORAM CORAM : A. S. OKA, J. : A. S. OKA, J. : A. S. OKA, J. DATE DATE DATE : OCTOBER 17, 2006. : OCTOBER 17, 2006. : OCTOBER 17, 2006. P.C.: P.C.: P.C.: . Not on board. Taken on board. 1. In these Revision Applications, the challenge is to conviction and sentence of the Applicants under section 138 read with section 141 of the Negotiable Instruments Act, 1881. Rule is already issued. The Applicants and the second Respondent have tendered an Application in which they have recorded that the offence has been compounded and the Applicants have agreed to pay a sum of Rs.10,00,000/- in the manner set out in the Application. The Application has been signed by the parties as well as the Advocates ... 2 ... appearing for the parties. In view of section 147 of the Negotiable Instruments Act, 1881, offence under section 138 of the said Act of 1881 is a compoundable offence. The Application filed by the parties is taken on record and marked "X" for identification. 2. In view of the aforesaid, I pass the following order: (i) Rule is made absolute in terms of prayer clause (a). JUDGE JUDGE JUDGE