An employee misappropriated funds from a business and resigned from the job. Later, the owner of the business found about the misappropriation. Upon confrontation, the employee admitted the liability and agreed to payback the amount and begged not to make a police case. The owner is ready to avoid making a police complaint. But to assure the repayment, he is seeking to make a contract stating all these facts .
Will such an agreement which states about repayment of misappropriated funds be valid considering, misappropriation is an offence under IPC?
