S P Rawat v. State & Anr

Delhi High Court · 19 Aug 2011 · 2011:DHC:10745
V. K. Shali
CRL.M.C. 1839/2011
2011:DHC:10745
criminal petition_dismissed

AI Summary

The Delhi High Court dismissed the petition as withdrawn, holding that compounding of the offence requires full payment of the agreed settlement amount to the bank.

Full Text
Translation output
I $~5 HIGH COURT OF DELHI
CRL.M.C. 1839/2011
S P RAWAT Petitioner Througin l^r. Desh Raj, Advocate
VERSUS
STATE 81ANR Respondent
Through l^r. Navin Sharma, APP Mr. Rajinder Wali, Advocate for respondent no.2
CORAM;
HON'BLE MR. JUSTICE V.K. SHALI
19.08.2011
ORDER

1. The learned counsel for the respondent no.2/Bank has very fairly stated that although the respondent has offered to pay ?33 lacs as a onetime settlement for the dispute yet, till date only an amount of lacs has been received by the respondent no.2, while as ?26 lacs stands deposited with Debt Recovery Tribunal.

2. The respondent no.2 states that the offer is accepted by them subject to the condition that the entire amount is received by them. The petitioner is directed to take appropriate steps for the release of the balance amount to the respondent no.2/Bank and thereafter, move an appropriate application, for compounding of the offence. 2011:DHC:10745 I

3. In view of the statement of the counsel for the petitioner, the petition stands dismissed as withdrawn with liberty to approach the Court after the entire agreed amount is paid. V.K. SHALI,J AUGUST 19, 2011 s