Once settlement is reached between the parties, case under S.138 of NI Act needs to be quashed: SC

The Supreme Court while dealing with an appeal filed by the accused against the order of conviction passed by the Himachal Pradesh High Court, has held that, once the parties have come to the settlement & “the complainant has signed the deed accepting a particular amount in full & final settlement of the default amount”, the proceedings under Section 138 of the Negotiable Instruments Act, 1881 needs to be quashed.