NEWS & INSIGHTS

Overview of the Case The Supreme Court has ruled that the Damodar S. Prabhu guidelines on costs for compounding cheque-bounce offences under Section 138 of the Negotiable Instruments Act (NI Act) are not a binding precedent . The court held that the earlier guidelines were issued under Article 142 of the Constitution to do “complete justice,” and thus should not be rigidly applied in all compounding cases. In the case before the court, the appellant (Rajeev Khandelwal) had