K.P. Mathew vs Paul Mathew And Anr.

The Supreme Court granted leave and allowed the appeal under Section 138 of the Negotiable Instruments Act, where the appellant was convicted and sentenced to one year of simple imprisonment and a fine of Rs. 1,25,000. The Court noted that the matter was settled between the parties, with the respondent filing an affidavit stating no objection to acquittal. Consequently, the Court treated the offence as compounded, acquitting the appellant and setting aside the lower court's orders.