Chinnimilli Venkateswara Rao v. Panchigolla Srikanya Manikya Venkateswara Gupta
Case brief
What is this about?
The High Court disposed of a petition seeking to quash a bank guarantee order for the release of a seized tractor. The court modified the deposit requirement to a bond with one surety and added conditions to produce, protect, and not sell or hypothicate the vehicle without permission.
What did the court decide?
Condition of furnishing bank guarantee modified to executing a bond with one surety for Rs. 1,50,000/- with conditions to produce and protect the vehicle.