Ceylease Financial Services Ltd. v. Sriyalatha And Another – sllr 2006 volume 2 page 169

In the case between Ceylease Financial Services Ltd. (Plaintiff/Appellant) and Sriyalaatha and Another (Defendant/Respondents), the court addressed the issues of whether Guarantee and Indemnity documents constitute a “bond” under the relevant law and the legal consequences of deficiencies in stamp duty under the Stamp Duty Act. The court determined that such documents do qualify as “bonds” when their substantive content aligns with statutory definitions, and that procedural defects involving insufficient stamp duty must be remedied before admission as evidence. The appeal was dismissed, and the principle was reaffirmed that non-compliance with statutory stamping requirements renders documents inadmissible unless cured in accordance with the law. This outcome was reached through the applica