1. The respondent-complainant has filed the complaint before the Trial
court under Section 138 r/w Section 142 of Negotiable Instruments Act
(NI Act in short) for the three cheques purportedly issued by the
petitioners/accused to the tune of Rs. hundred crore which were
bounced when presented before the J and K bank, LD Hospital branch,
by the complainant. The complainant has also filed an application for
interim compensation under Section 143-A of the said Act before the
learned Trial court.
2. The objections were filed to the complaint by the petitioners. The Trial
Court after hearing both the parties vide order dated 04.08.2022
directed the petitioners/accused to pay 15% (15 Crore) as interim
compensation in favour of the respondent-complainant within 60 days
of passing of the order. The petitioners/accused aggrieved by the said
CRM No. 145/2024. 1|Page
order dated 04.08.2022, preferred a revision petition before the Court of
learned 1st Additional Sessions Judge, Srinagar. The said court while
deciding the revision petition did not agree with the plea of revision-
petitioner for setting aside the order. However, the revisional court
slashed down the amount of compensation from 15% to 5% of the
cheque amounts. Still aggrieved by the order passed by the revisional
court, the petitioners have filed the revision petition under Section 482
Cr.P.C whereby they have challenged both the orders of trial court and
revisional court.