JUDGMENT 1. This Revision Petition is filed challenging the concurrent findings of conviction entered and the sentence imposed on the Revision Petitioner for the offence punishable under Section 138 of the Negotiable Instruments Act, 1881 (for short, 'the N.I. Act') in Criminal Appeal No.485/2010 on the files of the Additional Sessions Judge, (Fast Track-II), Alappuzha. The above appeal was filed challenging the judgment finding that the Revision Petitioner is guilty of the said offence, passed in C.C.No.76/2009 on the files of the Chief Judicial Magistrate, Alappuzha. According to the impugned judgment, the Revision Petitioner is sentenced to pay a fine of Rs.60,000/-. If the fine amount is realised, Rs.56,436/- will be paid as compensation under Sec.357(3) of the Code of Criminal Procedure to the complainant. In default of payment of fine, the accused shall undergo simple imprisonment for two months. 2. The learned counsel for the Revision Petitioner reiterated the contentions which were raised before the courts below and got rejected concurrently. The learned counsel urged for a re-appreciation of evidence once again, which is not permissible under the revisional jurisdiction unless any kind of perversity is found in the appreciation of evidence. The Revision Petitioner failed to point out any kind of perversity in the appreciation of evidence. The courts below had concurrently found that the complainant/1st respondent had successfully discharged initial burden of proving execution and issuance of the cheque; whereas the Revision Petitioner had failed to rebut the presumption under Section 118(a) and 139 of the N.I. Act which stood in favour of the 1st respondent. So also, it is found that the debt due to the 1st respondent was a legally enforceable debt and Ext.P1 cheque was duly executed and issued in discharge of the said debt. I do not find any kind of illegality or impropriety in the said findings or perversity in appreciation of evidence, from which the above findings had been arrived. Therefore, I am not inclined to re-appreciate entire evidence once again and I confirm the concurrent findings of conviction. 3. The counsel for the Revision Petitioner submits that challenge under this Revision is confined to sentence only. The sentence imposed on the Revision Petitioner is disproportionate with the gravity and nature of the offence. Therefore, I am not inclined to re-appreciate entire evidence once again and I confirm the concurrent findings of conviction. 3. The counsel for the Revision Petitioner submits that challenge under this Revision is confined to sentence only. The sentence imposed on the Revision Petitioner is disproportionate with the gravity and nature of the offence. He further submits that the Revision Petitioner is willing to pay the fine as ordered by the court below; but he is unable to raise the said amount forthwith due to paucity of funds. But he is ready to pay the fine within four months. The learned counsel for the 1st respondent submits that the cheque was issued in the year 2009 and the revision petitioner had already got sufficient time to pay the fine. So, reasonable time alone can be given to pay the fine. 4. The Supreme Court, in the decision in Kaushalya Devi Massand v. Roopkishore (AIR 2011 SC 2566), held that the offence under Section 138 of the N.I. Act is almost in the nature of civil wrong which has been given criminal overtone, and imposition of fine payable as compensation is sufficient to meet the ends of justice. Further, in Vijayan vs. Baby (2011(4) KLT 355), Supreme Court held that the direction to pay the compensation by way of restitution in regard to the loss on account of the dishonour of the cheque should be practical and realistic. So, in a prosecution under Section 138 of the N.I. Act, the compensatory aspect of remedy should be given much priority over punitive aspect. 5. Having regard to the nature and gravity of the offence, in the light of the decisions quoted above and submission made at the Bar, expressing willingness to pay the fine within four months, I am inclined to grant four months time to pay the fine. Consequently, this Revision Petition is liable to be disposed of subject to the following terms. i. The Revision Petitioner shall pay a fine of Rs.60,000/-(Rupees Sixty thousand only) within a period of four months from today and out of that amount 56,436/- shall be paid to the 1st respondent/complainant as compensation under Sec.357(1)(b) of the Cr.P.C. If the revision petitioner had deposited any amount in compliance with the interim order of the appellate court, the same shall be given credit to and the balance alone need be deposited as fine. ii. ii. In default, the Revision Petitioner shall undergo simple imprisonment for a period of two months. iii. All execution proceedings under the impugned judgment shall be kept in abeyance for a period of four months from today. The Criminal Revision Petition is disposed of accordingly.