2011 INSC 0881
                             SUPREME COURT OF INDIA

                                           Anil Sachar

                                                Vs.

                                 Shree Nath Spinners P. Ltd.

                                Crl.A.Nos.1413-1414 of 2011

                       (Mukundakam Sharma and Anil R. Dave JJ.)

                                           17.08.2011

                                             ORDER

1. We have heard the Learned Counsel appearing for the parties on the question of
sentence. Having gone through the records, we find that Mr. Munish Jain, against
whom the notice was issued on the question of sentence has died. Accordingly, so
far he is concerned, the matter stands abated.

2. There is yet one more accused in the case, apart from the company, who was
also impleaded as a party in the present proceedings. The said Director of the
company is Mr. Varun Jain.

3. We have heard the Learned Counsel appearing for the parties on the question of
sentence. Considering the provisions of Section 138 of the Negotiable Instruments
Act, we consider that imposition of fine of an amount of ` 10,00,000/- (Rupees ten
lacs only) would meet the ends of justice in the present case. Considering the facts
and circumstances of the case, we, therefore, impose a fine of ` 10,00,000/-
(Rupees ten lacs only) on the Respondent payable to the Appellants/ complainants
by way of compensation.

4. At this stage, the counsel appearing for the Respondent has handed over drafts
amounting to ` 10,00,000/-, payable to the Appellants/complainants, to the counsel
appearing for the Appellants/complainants, who receives the said amount which is
imposed as fine and payable to the Appellants. Pine having been paid and received
brings the litigation to an end.

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5. In that view of the matter, nothing further survives in these appeals, which stand
disposed of.

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