NI Act | Large Number Of Cheque Bounce Cases Serious Concern, Courts Must Encourage Compounding If Parties Are Willing: Supreme Court

In a recent Supreme Court ruling, the large number of cheque bounce cases has been identified as a serious concern. The Court emphasized that courts should encourage the compounding of such cases if the parties are willing. This approach aims to reduce the burden on the judiciary and provide a more amicable resolution for both parties. Compounding allows for a settlement without the need for protracted litigation, promoting efficiency and alleviating the caseload of the courts. This recommendation underscores the need for alternative dispute resolution mechanisms in handling cheque bounce cases.