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Ganesamoorthy   03 August 2017

Indemnity bond

Dear Sir,

I issued a indemnity bond to a client in  pressure by force.  It was not registered.  To

challenge in the court I have atleast 50% good reasons against that bond.   He violated many

times our agreement in paying advance payments for the supply of goods. How does the

court react?  If failed the judgement is like 138 punishment or any other?  


 3 Replies

Jitendra Ahuja (Lawyer)     03 August 2017

is suit filed against you?

Ganesamoorthy   04 August 2017

Suit Not yet filed Sir.  They are preparing.  Transaction done in 

TN.  With the Karnataka bond they are preparing to suit in Bangalore.

can I oppose?

Jitendra Ahuja (Lawyer)     04 August 2017

let them file. if they send u a legal notice then reply to it raising breaches done by them and a counter demand.
Indemnity bond does not need registration with regards to a contract of sale and purchase of goods.

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