Lokesh S/o. Raghuveer Mazali, R/o Harijana Colony, old fish market, Kumta. vs Ramadas Manjunath Shet, — 129/2026

The court allowed the parties' application under Section 147 of the Negotiable Instruments Act to compound the offence after the respondent confirmed receipt of Rs. 1,40,000 as full and final settlement. Consequently, the trial court's conviction judgment dated 10.07.2024 against the appellant under Section 138 NI Act was set aside and the appellant was acquitted. The jail authority was directed to release the appellant forthwith if not required in any other case. This case analysis is maintained by casestatus.in based on publicly available court records.