However, on a petition for leave to appeal filed by the companyplainant, the High Court reversed the order of acquittal, companyvicted the appellant under Section 138 of the Act and sentenced him to undergo rigorous imprisonment for a period of six months and to pay companypensation of rupees four lakhs in default, to undergo further imprisonment for a period of six months.
When the special leave petition was taken up for admission, learned companynsel appearing on behalf of the appellant made a statement that his client shall deposit a sum of rupees four lakhs within six weeks.
The appellant was tried under Section 138 of the Negotiable Instruments Act hereinafter referred to as the Act.
The trial companyrt acquitted him of the charge.
Leave granted.
Hence, this appeal by special leave.
