Cranex Ltd. And Anr vs Nagarjuna Finance Ltd. And Anr

The Supreme Court addressed a criminal appeal under Section 138 of the Negotiable Instruments Act, where the appellants had settled a money dispute during the pendency of the appeal. The Court set aside the High Court's order on interlocutory applications and remanded the case to the Appellate Court, allowing it to consider the settlement and decide on the conviction and sentence accordingly. The Court emphasized that the Appellate Court has the discretion to either maintain the conviction or impose a fine based on the new developments.