law: Negotiable Instruments Act, 1881 
  117. Rules as to compensation 
  The compensation payable in case of dishonor of promissory note,
  
  bill of exchange or cheque, by any party liable to the holder or any endorsee,
  
  shall 30[***] be determined by the following rules:
  (a) the holder is entitled to the amount due upon the instrument
  
  together with the expense properly incurred in presenting, noting and protesting
  
  it;
  (b) when the person charged resides at a place different from
  
  that at which the instrument was payable, the holder is entitled to receive
  
  such sum at the current rate of exchange between the two places;
  (c) an endorser who, being liable, has paid the amount due on
  
  the same is entitled to the amount so paid with interest at 31[eighteen per
  
  centum] per annum from the date of payment until tender or realization thereof,
  
  together with all expenses caused by the dishonor and payment;
  (d) when the person charged and such endorser reside at
  
  different places, the endorser is entitled to receive such sum at the current
  
  rate of exchange between the two places;
  (e) the party entitled to compensation may draw a bill upon the
  
  party liable to compensate him, payable at sight or on demand, for the amount
  
  due to him, together with all expenses properly incurred by him. Such bill must
  
  be accompanied by the instrument dishonored and the protest thereof (if any).
  
  If such bill is dishonored, the party dishonoring the same is liable to make
  
  compensation thereof in the same manner as in the case of the original bill.