Chandigarh

VALUERS ASSOCIATION WELCOMES HIGH COURT DIRECTIONS TO MAINTAIN PROPER RECORDS OF SURETY FOR GRANT OF BAIL

June 01, 2018 07:01 PM

Chandigarh (Face32News)

High Court of Punjab & Haryana High Court, while hearing on PIL filed by Sh. Pawan Parikh through his counsel Adv. HC Arora, has directed all Courts in Punjab, Haryana, UT Chandigarh to maintain computerized records of all sureties of accused and particulars of properties offered by them. HC has also issued bailable warrants of Rekha (who had stood surety for some chain snatchers).

The court has further directed that the Competent Authority shall make appropriate entries in their records of property regarding surety-ship. The presiding Officers of all courts shall personally verify documents before accepting surety of bail to accused. All Court's in Punjab ,Haryana, UT Chandigarh Original title deeds shall be duly stamped by Court regarding surety before returning them to concerned surety. Competent authority shall make appropriate entries in their records of property regarding suretyship. Presiding Officers of Court's shall personally verify documents before accepting surety for grant of bail to accused. The next date of PIL is 5-7-2018.

Valuers Association (R) has welcomed this decision of High Court for proper verification of documents by all courts of Punjab, Haryana & UT Chandigarh as large no. of incompetent persons are issuing Valuation Reports of Immovable Properties for bails and other court matters and that too without inspecting the site personally.

This was a serious matter of concern and required proper check too. Valuers Association had earlier submitted representation to Hon'ble Sessions Judge, Ludhiana against some incompetent persons who are practising as valuers as well as Building Experts for Structural Stability Certificates in Ludhiana Courts.

It is pertinent to mention here that only Govt. Approved Valuers u/s 34AB of Wealth Tax Act, 1957 registered by Chief Commissioner of Income Tax are eligible/competent to submit Valuation Reports of Assets for Court matters and with the directions of High court in the PIL, there will be proper system of verification of records in courts and now it will not be possible for incompetent persons to issue Valuation Reports for Bail as well as other surety in Courts for accused persons.

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