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    <title>1987 (3) TMI 269 - BOMBAY HIGH COURT</title>
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    <description>A surety bond creating penal liability must be strictly construed, and liability can arise only from the bond&#039;s own clear terms. Where the bond does not specify a date and time for production of the accused, the Court cannot rely on surrounding circumstances or the accused&#039;s separate bail bond to enforce forfeiture against the surety. Each bond operates as a distinct contract and must stand or fall on its own wording. On that basis, forfeiture could not be sustained, the revision succeeded, the forfeiture order was set aside, and the surety was discharged.</description>
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    <pubDate>Thu, 19 Mar 1987 00:00:00 +0530</pubDate>
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      <title>1987 (3) TMI 269 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=73622</link>
      <description>A surety bond creating penal liability must be strictly construed, and liability can arise only from the bond&#039;s own clear terms. Where the bond does not specify a date and time for production of the accused, the Court cannot rely on surrounding circumstances or the accused&#039;s separate bail bond to enforce forfeiture against the surety. Each bond operates as a distinct contract and must stand or fall on its own wording. On that basis, forfeiture could not be sustained, the revision succeeded, the forfeiture order was set aside, and the surety was discharged.</description>
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      <pubDate>Thu, 19 Mar 1987 00:00:00 +0530</pubDate>
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