High Court Overturns Conviction in Major Cheque Bounce Case After Parties Reach Unexpected Settlement, Acquitting Accused Without Any Costs – High Court of Punjab and Haryana

Introduction to the Case In a recent decision by the High Court of Punjab and Haryana at Chandigarh, three revision petitions were filed, challenging the conviction and sentence of a petitioner accused of dishonouring a cheque under Section 138 of the Negotiable Instruments Act, 1881. The case involved M/s Phosphate India Private Limited and Akash Goyal as the petitioners, and Paramjit Kaur and others as the respondents. The court dealt…