(1.) The present revision application is in respect of the litigation involving the offence enumerated by Section 138 of the Negotiable Instrument Act (hereinafter referred to as "the Act").
(2.) Heard Mr. P.P.N. Ray, learned senior counsel appearing for the petitioner and Mr. Jyoti Prasad Sinha, learned counsel appearing for opposite party no.2 as well as the learned counsel representing the State.
(3.) It is not necessary to delve into the facts leading up to the institution of proceedings before this Court; as the petitioner and opposite party no.2 have settled their dispute and have filed a joint compromise petition before this Court with a prayer to compound the offence as contemplated under Section 147 of the Act. However, a brief statement of facts is necessary for the proper appreciation.