Guidelines on Costs for Compounding Cheque Bounce Cases in ‘Damodar Prabhu’ Judgment Not Binding under Section 138 NI Act: Supreme Court

The Supreme Court has set aside the cost imposed by the Bombay High Court on a man convicted under Section 138, Negotiable Instruments Act, 1881, after observing that the complainant had no objection to the settlement and that the appellant was not financially capable of paying the cost. The ruling was delivered in the case Rajeev Khandelwal v. State of Maharashtra & Anr. Background Of The Case Rajeev Khandelwal had…