India, Sept. 24 -- A Mumbai court has acquitted filmmaker Ram Gopal Varma in a 2018 cheque bounce case, after the matter was settled between him and the complainant company through a Lok Adalat.
The company filed a cheque bounce complaint against Varma's firm in 2018. Varma was acquitted earlier this month in view of the "compromise memo", as per the court order. A compromise memo (or memorandum of compromise) is a written agreement between parties in a legal dispute that outlines the terms of their settlement, filed in court to be recorded and acted upon by the judge.
Earlier, a Judicial Magistrate (at Andheri) on January 21 found Varma guilty under the Negotiable Instruments Act. The Magistrate sentenced him to three months' imprisonmen...