Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Forfeit of surety

(Querist) 10 March 2015 This query is : Resolved 
i had stood surety for Rs, 20,000.00 in a bail to a friend u/s 138 NI Act. the accused jumped bail and i was asked to pay up the amount, meantime the accused rejoined the case and entered into a compromise with the complainant. the case under which i was surety is dismissed now, but the court ordered for the recovery of the amount of surety from me, I had made a mercy application for absolving me of the liability, which at present is being recovered through the Sub registrar by attachment of my property.
The present JMIC of the 130 NI Act cases with whom the application pending has not ordered yet but verbally said that I should pay us the amount as she can not review the order of her predecessor. please guide if she can recall the order of the previous JMIC, with token fine or she will reject the application and i will have to move to the next higher court seeking condonation from the payment of the surty amount or
P. Venu (Expert) 11 March 2015
Better option is to move the higher court.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :