https://www.taxtmi.com/caselaws?id=310062 In execution under Order XXI Rule 40(2), the court may require a judgment-debtor to furnish security where material shows means to satisfy a money decree and neglect to pay it. That power, however, must be exercised reasonably and proportionately. Requiring a cash deposit of the full decretal amount was held arbitrary where a bank guarantee would equally protect the decree-holder's interest. The direction to furnish security was therefore sustained, but the mode of compliance was modified to permit a bank guarantee instead of cash deposit. en-us Fri, 04 Feb 2022 00:00:00 +0530 Wed, 04 Oct 2023 20:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310062 In execution under Order XXI Rule 40(2), the court may require a judgment-debtor to furnish security where material shows means to satisfy a money decree and neglect to pay it. That power, however, must be exercised reasonably and proportionately. Requiring a cash deposit of the full decretal amount was held arbitrary where a bank guarantee would equally protect the decree-holder's interest. The direction to furnish security was therefore sustained, but the mode of compliance was modified to permit a bank guarantee instead of cash deposit. Case-Laws Indian Laws Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310062