DEV v. H.P. STATE COOPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK LTD
CRMP/4250/2026 · 2026-10-07
Rakesh Kainthla
body2026
DailyLaw.ai
[ 2026 DAILYLAW 26879 (HP) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 26879 (HP) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
IN THE HIGH COURT OF HIMACHAL PRADESH, SHIMLA Cr. MP No. 4250 of 2026 in Cr. Revision No. 442 of 2025 Date of Decision: 7.10.2026. Dev ...Petitioner Versus H.P. State Co-operative Agriculture & Rural Development Bank ...Respondent Coram Hon’ble Mr Justice Rakesh Kainthla, Judge. Whether approved for reporting?1 No. For the Petitioner : Mr. Suresh Singh Saini, Advocate. For the Respondent : Mr. Deepak Sharma, Advocate. Rakesh Kainthla, Judge (Oral) It has been stated on behalf of the respondent/complainant that the matter has been reconciled between the parties.
2.
Learned counsel for the petitioner has produced the receipt dated 7.10.2026, issued by Member Secretary, H.P. Legal Services Authority, Kasumpti, Shimla, regarding the deposit of ₹12,300/- being the 15% of the compensation amount of ₹81,280/-, which is taken on record. 1 Whether reporters of Local Papers may be allowed to see the judgment? Yes.
2
3. The record shows that the petitioner/accused was convicted and sentenced by learned Trial Court. The petitioner/accused unsuccessfully challenged his conviction and sentence before learned First Appellate Court and before this Court in Cr. Revision No. 442 of 2025, titled Dev Vs. H.P. State Co-operative Agriculture & Rural Development Bank.
4. The Division Bench of this Court held in Chune Ram vs. Brikam Chand, 2025:HHC:38122 decided on 13.11.2025 that the Court can quash the conviction even after its finalization in criminal revision based on the compromise effected between the parties. This judgment is binding upon this Court.
5. In view of this judgment, the present petition is allowed and the conviction and sentence awarded by the learned Trial Court as affirmed by learned Appellate Court and by this Court in Cr. Revision No. 442 of 2025, titled Dev Vs. H.P. State Co-operative Agriculture & Rural Development Bank are ordered to be quashed.
6. It has been submitted that ₹18,000/- have been deposited in the Court of learned Judicial Magistrate First Class, Banjar, District Kullu, H.P. which has to be disbursed to
3 respondent/complainant in terms of the compromise. Let the amount of ₹18,000/-, deposited in the Court of learned Judicial Magistrate First Class, Banjar, District Kullu, H.P. are ordered to be disbursed to respondent/complainant along with up to date interest by remitting the same to the loan account of the petitioner/accused.
7. In view of the above, the present application is
disposed of, so also the pending miscellaneous application(s), if any. (Rakesh Kainthla) Judge 7th October, 2026 (Chander)