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LAND ACQUISITION COLLECTOR versus MUHAMMAD AKHTAR IQBAL


Rules XXXI of the Supreme Court OXX, R 1 & O XXXIII, R 6 The operation of the decision of the judgment was suspended by the Supreme Court for the determination of the amount that can be deposited by the landowner. This can be taken to ensure safety. Upon submission of a bank guarantee for half the amount of money withdrawn and bank guarantee for the remaining amount, the landlord submitted a bank guarantee and surety bond. The court rejected the bank guarantee not from the scheduled bank and was correct till the required period. Clearly, it has been ordered and instructed that the bank guarantee will be accepted from the non-proved bank if it proves that the bank will be responsible for its guarantee under this guarantee, keeping in view its paid-up capital, specific funds and liabilities. Balance Sheet will be required for current annual examination. The court had to satisfy itself that the guarantee was properly and properly implemented according to the bank's own memorandum and the object of taking the guarantee in accordance with the Articles of Association

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