Solvency replacement possible ?

Raja (Querist) 30 August 2016 This query is : Resolved
Dear all, I am in bail with the solvency seurity of 1lakh given by my friend . Now my friend wants to sell his property . Is it possible to give any other seurity to court and take back his Seurity to sell his property? If yes what other type of security I can give to the court . Case is in mumbai hilla court. Thanks

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Ms.Usha Kapoor (Expert) 01 September 2016
Dear Client,

You can get solvency security from other friends/relatives to the extent of Rs.1 lakh and continue to remain under bail.

Rajendra K Goyal (Expert) 01 September 2016
Yes possible, provided court satisfied.

Dr J C Vashista (Expert) 02 September 2016
I agree with experts, you can replace surety with the permission/satisfaction of the court.

cherukuri prasad (Expert) 05 September 2016
security can be of different types. Movable, immovable, cash, personal surety etc., etc., Courts have the discretion to take any thing. Try with whatever you have.

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