T.R.Sachdeva vs M/S Gujral Tools & Forgings

The Supreme Court addressed an appeal under Section 138 of the Negotiable Instruments Act, where the appellant was initially acquitted by the trial court but later convicted by the High Court. The Court noted that the appellant had deposited the ordered compensation of four lakhs and, considering the circumstances, set aside the sentence of imprisonment while maintaining the compensation order. The outcome allowed the respondent to withdraw the deposited amount with accrued interest.