High Court Grants Acquittal in Cheque Bounce Case After Unexpected Settlement, Cancels Conviction and Reduces Sentence for Petitioner – Himachal Pradesh High Court

Background of the Case The High Court of Himachal Pradesh recently dealt with a case involving Ramesh Chand (the petitioner) and LIC Housing Finance Ltd. (the respondent). The case centered around an offence under Section 138 of the Negotiable Instruments Act, which deals with the dishonour of a cheque. The petitioner had been convicted by the trial court on 31st July 2012 for dishonouring a cheque issued to the respondent.…