If the estate of the deceased is subject to any contingent liabilities, an executor or administrator is not bound to pay any legacy without a sufficient indemnity to meet the liabilities whenever they may become due.
PART IX PROBATE, LETTERS OF ADMINISTRATION AND ADMINISTRATION OF ASSETS OF DECEASED · CHAPTER VII.—Of the Duties of an Executor or Administrator
Section 326: Executor or administrator not bound to pay legacies without indemnity
The Indian Succession Act, 1925