Jasmine Keshwani vs State Of Maharashtra & Anr

The Supreme Court allowed the appeal under Section 138 of the Negotiable Instruments Act, setting aside the conviction and sentence of six months rigorous imprisonment and Rs.1,50,000/- compensation. The Court recognized the lawful nature of a compromise petition filed during the appeal, wherein the accused deposited Rs.3,00,000/- for the complainant's withdrawal. The ruling emphasizes the validity of compounding offences under the Negotiable Instruments Act, leading to the quashing of the earlier judgment.