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2026 DAILYLAW 15832 (KAR)

M/S. TCP TECHNO POWER CORPORATION LLP v. M/S. HMV OILS AND LUBRICANTS

CRL.RP/1578/2022 · 2026-04-27

V Srishananda

Transfer Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:23534 CRL.RP No. 1578 of 2022 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27TH DAY OF APRIL, 2026 BEFORE THE HON'BLE MR. JUSTICE V SRISHANANDA CRIMINAL REVISION PETITION NO. 1578 OF 2022 (397(Cr.PC) / 438(BNSS) BETWEEN: 1. M/S. TCP TECHNO POWER CORPORATION LLP NO.342, 8, 9TH CROSS, 4TH PHASE, PEENYA INDUSTRIAL AREA, BENGALURU-560 058, REP. BY ITS AUTHORIZED SIGNATORY, SRI. ASHWATHNARAYANA 2. SRI. K. S. ASWATHNARAYANA AGED ABOUT 53 YEARS, S/O LATE SRINIVAS RAO, AUTHORIZED SIGNATORY, M/S. TPC TECHNO POWER CORPORATION (LLP) NO.342, 8, 9TH CROSS, 4TH PHASE, PEENYA INDUSTRIAL AREA, BENGALURU-560 058. …PETITIONERS (BY SRI. RAVI SHANKAR C S, ADVOCATE) AND: M/S. HMV OILS AND LUBRICANTS NO. 2090, 4TH CROSS, GKVR POST, JUDICIAL LAYOUT, BENGALURU-560 065, REP. BY ITS PROPRIETOR, SRI. H. V. SHIVASHANKAR. …RESPONDENT (BY SRI KRISHNA MURTHY V, ADVOCATE) Digitally signed by MALATESH K C Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:23534 CRL.RP No. 1578 of 2022 THIS CRIMINAL REVISION PETITION IS FILED UNDER SECTION 397 R/W 401 CODE OF CRIMINAL PROCEDURE PRAYING TO SET ASIDE THE ORDER OF CONVICTION AND SENTENCE PASSED BY THE HON’BLE SMALL CAUSES AND XXVI A.C.M.M., AT BENGALURU VIDE DATED 31.10.2019 IN C.C.NO.24492/2014 AND THE JUDGMENT PASSED IN CRL.A.NO.2512/2019 DATED 17.11.2022 BY THE LXVI ADDL.CITY CIVIL AND SESSIONS JUDGE, BENGALURU CITY THEREBY CONFIRMING THE ORDER OF THE TRIAL AND ACQUIT THE PETITIONER / ACCUSED. THIS PETITION, COMING ON FOR FURTHER HEARING, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE V SRISHANANDA ORAL ORDER Joint memo is filed. Contents of the joint memo reads as under: “The Petitioners and Respondent herein above file the Joint Memo as below: 1. That, the above Criminal Revision Petition arises out of the proceedings initiated under Section 138 of Negotiable Instruments Act, pertaining to the disputed cheque. 2. That, with the intervention of well-wishers and elders, the parties have amicably settled the dispute out of the court, for an amount of 8,47,500/- (Rupees Eight lakhs forty seven thousand five hundren Only). 3. That, the Petitioners have already deposited an amount of Rs.5,00,000/- (Rupees Five Lakhs Only) as per the order of the Hon'ble - 3 - HC-KAR NC: 2026:KHC:23534 CRL.RP No. 1578 of 2022 LXVI Addl. City Civil And Sessions Judge, Bengaluru and this Hon'ble Court. 4. That, Petitioners undertakes to pay the remaining balance amount of Rs.3,47,500/- (Rupees Three Lakhs forty seven thousand five hundred Only) in four equal monthly instaliments, as mutually agreed between the parties. 5. That, the Respondent has agreed to receive the said amount towards the full and final settlement of all claims arising out of the disputed cheques. WHEREFORE, the parties most humbly pray that this Hon'ble Court be pleased to take this Joint Memo of Settlement on record and be pleased to dispose of the above Criminal Revision Petition as settled out of the court, in the interest of justice.” 2. Placing the joint memo on record, petition stands disposed of. 3. Amount in deposit is ordered to be withdrawn by the complainant under due identification. 4. Balance amount of the compensation if not paid as agreed in the joint memo petitioner shall undergo - 4 - HC-KAR NC: 2026:KHC:23534 CRL.RP No. 1578 of 2022 imprisonment as ordered by the learned Trial Magistrate, confirmed by the First Appellate Court. Sd/- (V SRISHANANDA) JUDGE MR List No.: 2 Sl No.: 57