No. 2 of CPC : No. 2: SECURITY BOND TO BE GIVEN ON ORDER BEING MADE TO STAY EXECUTION OF DECREE

Explanation using Example

Example 1:

Scenario: Ramesh vs. Suresh

Details:

• Ramesh (plaintiff) sued Suresh (defendant) in a civil court for breach of contract.
• The court passed a decree in favor of Ramesh on 15th March 2023, ordering Suresh to pay Rs. 5,00,000 to Ramesh.
• Suresh filed an appeal against the decree in the High Court, and the appeal is still pending.
• Ramesh applied for the execution of the decree to recover the amount.
• Suresh requested a stay on the execution of the decree until the appeal is decided.
• The court ordered Suresh to provide a security bond to stay the execution.

Security Bond:

• Suresh, of his own free will, stands as security to the extent of Rs. 5,00,000.
• He mortgages his property located at 123, Green Street, Mumbai.
• Suresh covenants that if the decree is confirmed or varied by the Appellate Court, he will act according to the decree and pay the amount due.
• If Suresh fails to comply, the amount will be re...

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