New Everest Traders Settlement: Rs12 Lakh Refund

Authority: Supreme Court of India, Special Lok Adalat

Order Date: 21-08-2026

Case Overview

• Petition for Special Leave to Appeal (Criminal) No.3116/2026 filed by M/s New Everest Traders & Anr against A. Arun.
• Heard before Hon'ble Justices Ujjal Bhuyan and Atul S. Chandurkar, with Senior Advocate Saurabh Mishra and Advocate Astha Sharma representing the parties.
• Settlement agreement dated 10‑08‑2026 was executed and is incorporated into this award.
• Petitioners had earlier paid Rs 4,25,000 by demand draft dated 06‑08‑2026 to the respondent as part of the settlement.

Final Outcome

• The Registry of the Supreme Court is directed to release Rs 12,00,000 to the petitioners, together with any accrued interest.
• The offence alleged under Section 138 of the Negotiable Instruments Act, 1881, is treated as compounded pursuant to the settlement agreement.
• The Special Leave Petition is disposed of on the basis of the settlement agreement, which forms part of this award.

Topics: Settlement, Section 138 NI Act, Supreme Court