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(Guest)

Bail application

Is it necessary for a surety to furnish a Solvency Certificate. For example, Mr. X wants to stand surety for Mr. Y whose bail application is allowed on the condition that Mr. Y would furnish a PR for Rs.50,000 and a surety of the like amount. Now is it necessary for Mr. X to furnish a Solvency Certificate or only FDR of Rs.50,000/- would suffice.


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 2 Replies

Dr J C Vashista (Advocate)     22 January 2021

No such condition can be imposed on the surety as s/he has to submit property/ sound surity for the amount.

Prima facie it is a hypothetical and time pass story.

1 Like

(Guest)

Thanks a lot Sir,


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