Apni Law Staff asked 2 years ago
My cousin’s motorcycle was stolen a month ago. The police recovered it from the thieves, and he wants to get it back through a surety bond. The motorcycle is worth around ₹1 lakh and is two years old. What would be the surety amount? Can I use my two motorcycles as surety, each worth around ₹75,000? Will the court accept them?
1 Answers
Best Answer
Apni Law Staff answered 2 years ago
Indian law does not specify a fixed surety amount for recovered vehicles. The court will decide based on the motorcycle’s value and your cousin’s financial standing. While you can offer your motorcycles as surety, the court may not accept them if their combined value is less than the stolen motorcycle’s value.
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