THE HON’BLE SRI JUSTICE B. CHANDRA KUMAR Crl.R.C.M.P. No. 2058 of 2009 and Criminal Revision Case No. 1774 of 2005 Date: 11.09.2009 Between: Mahendra C. Mehta. .. Petitioner/Accused And A.P. State Financial Corporation, Vijayawada-10 rep. By its Dy. Manager Sreerama Chandra Murthy, Vijayawada, Krishna Dist., and another. .. Respondents. THE HON’BLE SRI JUSTICE B. CHANDRA KUMAR Crl.R.C.M.P. No. 2058 of 2009 and Criminal Revision Case No. 1774 of 2005 Judgment: The Criminal Revision Case is filed by the petitioner/accused Mahendra C. Mehta, assailing the judgment dated 19.09.2005 in Criminal Appeal No.7 of 2004 passed by the Additional Metropolitan Sessions Judge, Vijayawada, Krishna District, confirming the conviction and sentence imposed on him by the learned VI Metropolitan Magistrate, Vijayawada, vide judgment dated 19-12-2003 in C.C. No. 180 of 2003 for the offence punishable under Section 138 of N.I. Act. 2. Now on behalf of the first respondent/de facto complainant Sri Ganga Rama Rao, S/o Krishnaiah, Senior Branch manager, A.P. State Financial Corporation Limited, Vijayawada, filed an affidavit in Crl.R.C.M.P. No.2058 of 2009 stating that the accused had approached the A.P. State Financial Corporation limited, Vijayawada (hereinafter referred as ‘Corporation’) and accepted to pay lump sum amount of Rs.31,00,000/- as one time settlement and that the Corporation accepted the said proposal and accordingly the accused paid the entire amount towards full and final settlement of the loan account and consequently the Corporation also issued ‘No Due Certificate’ dated 18.05.2009. On behalf of the Corporation it is requested to permit the Corporation to compound the offence and acquit the accused by setting aside the conviction and sentence imposed on him for the offence under Section 138 of N.I. Act. 3. Since the accused has paid the amount of Rs.31,00,000/- towards full and final settlement of the loan account and the Corporation has issued ‘No Due Certificate’, the Corporation is permitted to compound the offence. Accordingly, the compromise is recorded and Crl.R.C.M.P. No. 2058 of 2009 is allowed compounding the offence against the accused. 4. Accordingly, the Criminal Revision Case is allowed acquitting the petitioner/accused, under Section 320(8) Cr.P.C., setting aside the conviction and sentence imposed on him by the Courts below for the offence punishable under Section 138 of N.I. Act. Since there is no agreement with regard to compensation amount paid to the complainant, the order of the appellate Court with regard to payment of compensation stands confirmed. ______________________ B. CHANDRA KUMAR, J. Date: 11.09.2009 Nsr