High Court Acquits Petitioner in Major Cheque Bounce Case Under Section 138 of NI Act After Settlement - Punjab and Haryana High Court

Background of the Case In a significant ruling by the High Court of Punjab and Haryana at Chandigarh, two criminal revision petitions (CRR-2623-2023 and CRR-2625-2023) were disposed of concerning a Section 138 of the Negotiable Instruments Act, 1881 (NI Act) case. The petitioners, M/S Pee Ess Galaxy (through its sole proprietor), were challenging the orders passed by the Additional Sessions Judge, Chandigarh, dismissing their appeal against their conviction and sentencing.…