Bharatiya Nagarik Suraksha Sanhita, 2023
Section 493
Procedure in case of insolvency or death of surety or when a bond is forfeited
When any surety to a bail bond under this Sanhita becomes insolvent or dies, or when any bond is forfeited under the provisions of section 491, the Court by whose order such bond was taken, or a Magistrate of the first class may order the person from whom such security was demanded to furnish fresh security in accordance with the directions of the original order, and if such security is not furnished, such Court or Magistrate may proceed as if there had been a default in complying with such original order.
Why this exists
Bail and bonds only protect the justice system if the security behind them stays valid. If a guarantor dies or goes broke, or if the bond has already been broken, the safety net disappears -- so the law lets courts demand a replacement guarantee and treat continued default seriously. This corresponds to section 448 of the earlier CrPC.