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2017 (12) TMI 1584 - HC - VAT and Sales TaxRecovery attempted as against the security bond executed by the petitioners/appellants - contention raised by the petitioners before the learned Single Judge was that security bond was executed on 22.10.2013. The recovery now proposed was relating to the default made between the period May and September, 2013 - Held that:- When a security bond is executed in form No.6, there is no stipulation either in the Rule or in the form that the bond would apply only to the default occasioned in future. The liability though was prior to the execution of the bond by the petitioners, remained due even after the bond was executed. In such circumstances, there can be no fault found in the recovery attempted from the petitioners. Appeal dismissed - decided against appellant.
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