A.T.Sivaperumal vs Mohammed Hyath(D) By Lrs

The Supreme Court set aside the High Court's judgment convicting the appellant under Section 138 of the Negotiable Instruments Act, which had reversed the Trial Court's acquittal. The Court held that the parties reached an amicable settlement of Rs.6,00,000, including a previously deposited amount of Rs.3,00,000. Consequently, the appellant was acquitted of the charges, and the respondents were allowed to withdraw the deposited amount with interest.