The Delhi High Court Monday reduced the jail term of Sanjeev Nanda from five years to two for running over six people in his BMW car 10 years ago.
Justice Kailash Gambhir reduced Nanda's sentence after terming it a case of negligence rather than culpable homicide.
Nanda's case will now be under 304 A (causing death by rash and negligent act) instead of 304 A-II (dealing with culpable homicide not amounting to murder) of the Indian Penal Code.
The court also directed the registrar of the high court to initiate perjury proceedings against Sunil Kulkarni, the controversial eyewitness in the case.
Nanda's father, Suresh Nanda said: "We are happy with the judgement and are in no mood to file an appeal."
On Sep 5, 2008, a trial court had sentenced Nanda to five years in jail for mowing down six people by his BMW car Jan 10, 1999.