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Smt Vathsala Suresh vs M/S Sri Gokulam Chits And
2025 Latest Caselaw 6576 Kant

Citation : 2025 Latest Caselaw 6576 Kant
Judgement Date : 24 June, 2025

Karnataka High Court

Smt Vathsala Suresh vs M/S Sri Gokulam Chits And on 24 June, 2025

Author: Shivashankar Amarannavar
Bench: Shivashankar Amarannavar
                                                -1-
                                                           NC: 2025:KHC:21954
                                                      CRL.RP No. 1516 of 2016
                                                  C/W CRL.RP No. 1517 of 2016

                      HC-KAR




                        IN THE HIGH COURT OF KARNATAKA AT BENGALURU

                               DATED THIS THE 24TH DAY OF JUNE, 2025

                                              BEFORE
                      THE HON'BLE MR JUSTICE SHIVASHANKAR AMARANNAVAR
                         CRIMINAL REVISION PETITION No. 1516 OF 2016
                                                C/W
                         CRIMINAL REVISION PETITION No. 1517 OF 2016


                      IN CRL.RP No. 1516/2016

                      BETWEEN:

                         SURESH RAI B
                         S/O VITTAL RAI
                         AGED ABOUT 47 YEARS
                         RESIDING AT No.304
                         NOTTING HILL APARTMENTS
                         PINTO HILL APARTMENTS
                         PINTO GARDEN MARRY HILL
                         MANGALORE - 575 008.

                                                              ...PETITIONER
Digitally signed by
LAKSHMINARAYANA       (BY SRI S RAJASHEKAR, ADVOCATE)
MURTHY RAJASHRI
Location: HIGH
COURT OF              AND:
KARNATAKA


                         SRI GOKULAM CHITS AND
                         FINANCE CO. PVT LTD.,
                         SRI GOKULAM TOWERS
                         NO.66, ARCOT ROAD
                         CHENNAI - 600 024.

                         BRANCH OFFICE AT 2ND FLOOR
                         KUNIL COMPLEX, BENDOORWELL
                           -2-
                                        NC: 2025:KHC:21954
                                   CRL.RP No. 1516 of 2016
                               C/W CRL.RP No. 1517 of 2016

HC-KAR




   KANKANADY POST
   MANGALORE - 575 001.
                                           ...RESPONDENT

(BY SRI H K SINGH, ADVOCATE)

      THIS CRL.RP FILED UNDER SECTION 397 READ WITH
SECTION 401 Cr.P.C PRAYING TO SET ASIDE THE JUDGMENT
DATED 28.10.2016 PASSED BY THE IV ADDL. DIST. AND S.J.,
D.K., MANGALURU IN CRL.A.No.271/2014 AND CONFIRMING
THE JUDGMENT AND ORDER OF CONVICTION AND SENTENCE
DATED 28.10.2014 PASSED BY THE JMFC-IV COURT,
MANGALORE IN C.C.No.235/2014 BY ALLOWING THE ABOVE
R.P. AND THEREBY ACQUIT THE ACCUSED/REVISION
PETITIONER FOR THE OFFENCE PUNISHABLE UNDER SECTION
138 OF N.I.ACT AND ETC.,

IN CRL.RP No. 1517/2016

BETWEEN:

SMT. VATHSALA SURESH
WIFE OF SURESH RAI
AGED ABOUT 47 YEARS
RESIDING AT No.304
NOTTING HILL APARTMENTS
PINTO GARDEN MARRY HILL
MANGALORE - 575 008.
                                            ...PETITIONER

(BY SRI S RAJASHEKAR, ADVOCATE)

AND:

M/S SRI GOKULAM CHITS AND
FINANCE CO.PVT.LTD
SRI GOKULAM TOWERS
No.66, ARCOT ROAD
CHENNAI - 600 024.

BRANCH OFFICE AT 2ND FLOOR
                              -3-
                                          NC: 2025:KHC:21954
                                   CRL.RP No. 1516 of 2016
                               C/W CRL.RP No. 1517 of 2016

HC-KAR




KUNIL COMPLEX, BENDOORWELL
KANKANADY POST
MANGALORE - 575 001.
                                             ...RESPONDENT

(BY SRI H K SINGH, ADVOCATE)

      THIS CRL.RP IS FILED UNDER SECTION 397 READ WITH
SECTION 401 Cr.P.C PRAYING TO SET ASIDE THE JUDGMENT
DATED 28.10.2016 PASSED BY THE IV ADDL. DIST. AND S.J.,
D.K., MANGALURU IN CRL.A.No.270/2014 AND CONFIRMING
THE JUDGMENT AND ORDER OF CONVICTION AND SENTENCE
DATED 28.10.2014 PASSED BY THE JMFC-IV COURT,
MANGALORE IN C.C.No.236/2014 BY ALLOWING THE ABOVE
R.P. AND THEREBY ACQUIT THE ACCUSED/REVISION
PETITIONER FOR THE OFFENCE PUNISHABLE UNDER SECTION
138 OF N.I.ACT AND ETC.,

     THESE PETITIONS COMING ON FOR FINAL HEARING,
THIS DAY, ORDER WAS MADE THEREIN AS UNDER:

CORAM:   HON'BLE MR JUSTICE SHIVASHANKAR AMARANNAVAR


                         ORAL ORDER

Learned counsel for the petitioner files a memo. The

memo reads thus:

It is submitted that the Revision Petitioner and the respondent have amicably settled the matter and the respondent may be permitted to withdraw the amount deposited in the trial Court by the petitioner. Hence, the criminal revision petition may be allowed in terms of the joint memo.

NC: 2025:KHC:21954

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Learned counsel for the respondent has filed memo in

Crl.R.P.No.1517/2016. The memo reads thus:

"1.That the above Criminal Revision Petition is filed assailing the order dated 28.10.2016 passed in Criminal Appeal No.270/2014 on the file of the Sessions Judge, Dakshina Kannada, Manglauru confirming the judgment of conviction and order of sentence dated 28.10.2014 passed in C.C.No.236/2014 on the file of JMFC (IV Court), Mangaluru.

2. It is submitted that the Revision Petitioner is guaranter to her husband Suresh Rai who had availed chit amount of Rs.5,00,000/- in Chit Group No.G2H/0394/KDM/10 from the respondent and also her husband Suresh, who is the Revision Petitioner in Criminal Revision Petition No.1516/2016 had availed chit amount of Rs.5,00,000/- in Chit Group No.G2H/0394/KDM/11 from the respondent. It is further submitted that alleging that the Revision Petitioner has not repaid the chit amount, the respondent initiated proceedings under Section 138 of the N.I.Act before the JMFC (IV Court), Mangalore in C.C.No.236/2014 for Rs.6,20,270/- It is submitted that during the pendency of the proceedings before the learned Magistrate, the Revision Petitioner has paid sum of Rs.1,45,977/-. The learned Magistrate by judgment dated 28.10.2014 convicted the Revision Petitioner for

NC: 2025:KHC:21954

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the offence punishable under Section 138 of N.I.Act and sentenced her to pay a fine of Rs.4,76,747/-.

3. It is further submitted that challenging the judgment of conviction and order of sentence, the Revision Petitioner preferred Criminal Appeal No.270/2014 on the file of the IV Additional District and Sessions Judge, Mangalore, Dakshina Kannada. It is further submitted that during the pendency of the said Criminal Appeal, the Revision Petitioner herein has deposited a sum of Rs.1,43,024/- before the trial Court. Thereafter, the Sessions Judge passed an order dated 28.10.2016 dismissing the Criminal Appeal and confirming the judgment of conviction and sentence passed by the learned Magistrate.

4. Challenging the order dated 28.10.2016 passed by the learned Sessions Judge and the judgment and order of sentence dated 28.10.2014 passed by the learned Magistrate, the Revision Petitioner has preferred the present Revision Petition. It is submitted that subsequently, pursuant to the order passed by this Hon'ble Court, the Revision Petitioner has deposited a sum of Rs.21,300/- before the trial Court.

5. It is further submitted that during the pendency of the above Criminal Revision Petition, the parties have decided to settle the dispute amicably relating to both the cases for a total sum of Rs.7,50,000/- and out of the

NC: 2025:KHC:21954

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aforesaid settlement amount, the Revision Petition has already paid a sum of Rs.4,00,000/- to the respondent.

It is further submitted that the Revision Petitioner has deposited a total sum of 1,64,324/- during the pendency of the case has to be paid to the Respondent and Respondent has issued a letter dated 09.04.2025 to that effect. Balance amount of Rs.7,500/- is paid to the respondent on 19.06.2025. Copy of the letter dated 09.04.2025 is produced herewith for the kind perusal of this Hon'ble Court.

6. It is further agreed between the parties that the respondent is at liberty to withdraw the amount in deposit made by the Revision Petitioner and the petitioner in the connected case pursuant to the order passed by the learned Sessions Judge in Criminal Appeal No.270/2014 and also pursuant to the order passed by this Hon'ble Court in the instant Revision Petition and adjust the same to the chit amount and close the chit account relating to the Revision Petitioner and her husband Suresh Rai B. In view of the payment of the aforesaid sum towards the chit account maintained by the Revision Petitioner with the respondent, the order of conviction and sentence may kindly be set aside.

In view of the settlement arrived at between the parties in the above proceedings, the Revision Petitioners and the respondent respectfully pray that

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this Hon'ble Court may kindly be pleased to allow the Revision Petition by setting aside the judgment of conviction and order of sentence dated 28.10.2014 passed in C.C.No.236/2014 on the file of JMFC, (IV Court), Mangaluru and grant such other and further reliefs as this Hon'ble Court deems fit and proper under the facts and circumstances of the case, in the interest of justice and equity."

In view of the said memos, the revision petitions are

dismissed as settled.

The amount in deposit, deposited by the petitioner is

ordered to be released to the respondent-complainant. The

respondent-complainant shall furnish the bank account details

so as to enable the trial Court to transfer the amount in

deposit to the account of respondent- complainant.

Sd/-

(SHIVASHANKAR AMARANNAVAR) JUDGE

DKB

 
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