M/S Ganga Bhavani Constructions vs The State Of Andhra Pradesh

The Supreme Court allowed the appeal of M/s. Ganga Bhavani Constructions, acquitting the appellant of the conviction under Section 138 of the Negotiable Instruments Act. The Court noted that a compromise had been reached between the parties, with the second respondent receiving the full cheque amount of Rs.10,00,000. The conviction and sentence were set aside in accordance with Section 320(8) of the Cr.P.C., and the amount deposited by the appellant was ordered to be refunded.