In the instant case, the respondent had filed a complaint under Section 138 of the NI Act. The trial court convicted the appellants and sentenced them to one year of simple imprisonment each. The appellants were later exonerated by the appellate court. However, on appeal by the complainant, the High Court revived the conviction of the appellants, who then moved the apex court.
The Court set aside the conviction of the appellants on learning that a settlement had been arrived at between the parties.
Source: Barandbench
