Jhaverilal Mishrimal Goyal @ Jain vs State Of Maharashtra & Anr

The Supreme Court allowed the appeal and set aside the conviction of the appellant, Jhaverilal Mishrimal Goyal, after the parties reached a compromise. The appellant agreed to pay an additional amount of Rs. 2.50 lakhs, complementing the Rs. 14.50 lakhs already deposited in court. The Court permitted the respondent to withdraw the deposited amounts along with accrued interest, thereby compounding the offence and ordering the appellant's acquittal.