Saturday, 16, May, 2026
 
 
 
Expand O P Jindal Global University
 
  
  
 
 
 

Krishnan vs Trichy Sri Vekaliyamman Finance
2023 Latest Caselaw 5426 Mad

Citation : 2023 Latest Caselaw 5426 Mad
Judgement Date : 5 June, 2023

Madras High Court
Krishnan vs Trichy Sri Vekaliyamman Finance on 5 June, 2023
                                                                     Crl.R.C.(MD) No.505 of 2023

                              BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT

                                              DATED : 05.06.2023

                                                     CORAM:

                             THE HONOURABLE MR.JUSTICE K.MURALI SHANKAR

                                          Crl.R.C.(MD)No.505 of 2023
                                                     and
                                  Crl.M.P.(MD)Nos.7381, 7382 and 7817 of 2023


                    Krishnan                                        ...Petitioner/Appellant/
                                                                        Accused

                                                        Vs.


                    Trichy Sri Vekaliyamman Finance
                    represented by its
                    Managing Partner
                    K.Sivasubramanian                              ... Respondent/Respondent/
                                                                         Complainant
                    Prayer : This Criminal Revision has been filed under Section 397 r/w 401
                    of Cr.P.C., to set aside the order passed in Crl.A.No.93 of 2018 dated
                    30.01.2020 on the file of the learned IIIrd Additional District and Sessions
                    Judge, Tiruchirapalli confirming the judgment and conviction passed in
                    C.C.No.141 of 2017 dated 26.06.2018 on the file of the learned Judicial
                    Magistrate No.1, Tiruchirapalli whereby the petitioner has been convicted
                    to undergo simple imprisonment for one year and to pay a compensation
                    amount of Rs.3,81,500/- to the respondent/complainant for the offence
                    under Section 138 of NI Act.


                    1/4
https://www.mhc.tn.gov.in/judis
                                                                         Crl.R.C.(MD) No.505 of 2023


                                    For Petitioner     : Mr.B.Jameel Arasu

                                    For Respondent     : Mr.P.Vinoth

                                                         ORDER

The Criminal Revision is directed against the Judgment of

conviction and sentence passed in Crl.A.No.93 of 2018 dated 30.01.2020

on the file of the III Additional District and Sessions Court, Tiruchirapalli

confirming the Judgment of conviction and sentence, dated 26.06.2018

passed in C.C.No.141 of 2017 on the file of the Court of the Judicial

Magistrate No.1, Tiruchirapalli

2. It is evident from the records that this Court, while condoning the

delay in filing the revision in Crl.M.P.(MD)No.10273 of 2022, considering

the submissions made by the learned counsel appearing for the petitioner

and the respondent that the matter has already been settled between the

parties, directed the petitioner to deposit 5% of the agreed amount before

the High Court Legal Service Authority attached to this Bench on or

before 29.03.2023. In pursuance of the same, the petitioner has deposited

5% of the agreed amount of Rs.7,500/- (Rupees Seven Thousand and Five

Hundred only) before the High Court Legal Services Committee.

https://www.mhc.tn.gov.in/judis Crl.R.C.(MD) No.505 of 2023

3. When the matter is taken up for hearing today, the learned

counsel appearing for the petitioner has also filed a petition under Section

320 Cr.P.C. r/w 147 of Negotiable Instruments Act, wherein, it has been

stated that as agreed by both the parties, the petitioner has paid the cheque

amount of Rs.1,90,750/- (Rupees One Lakh Ninety Thousand Seven

Hundred and Fifty only) to the respondent.

5. In view of the above, the offence under Section 138 of Negotiable

Instruments Act stands compounded under Section 147 of Negotiable

Instruments Act. Hence, the Criminal Revision is allowed and the

judgments of the trial Court and the Appellate Court are set aside and the

petitioner/accused is acquitted from the charges levelled against him.

Consequently, Crl.M.P.(MD)No.7817 of 2023 is ordered and Crl.M.P.

(MD)Nos.7381 and 7382 are closed.




                                                                                   05.06.2023

                    NCC             : Yes/No
                    Index           : Yes/No
                    Internet        : Yes/No
                    csm





https://www.mhc.tn.gov.in/judis
                                                      Crl.R.C.(MD) No.505 of 2023


                                                   K.MURALI SHANKAR, J.


                                                                             csm




                                                          ORDER MADE IN
                                                 Crl.R.C.(MD)No.505 of 2023
                                                                         and

Crl.M.P.(MD)Nos.7381, 7382 and 7817 of 2023

Dated : 05.06.2023

https://www.mhc.tn.gov.in/judis

 
Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : Smt. Nirmala Devi Bam Memorial International Moot Court Competition

 

LatestLaws Partner Event : IJJ

 
 
Latestlaws Newsletter