Search Results for "Surety"

674 result(s) found

Scroll Down To Discover

Found 674 result(s)

© Image Copyrights Juris Services & Technology

Supreme Court Allows Co-operative Bank Appeal Against Sureties -- Holds Sureties Liable for Original Loan Under Section 133 of Indian Contract Act, 1872 -- Gujarat High Court Order Set Aside in Recovery Dispute

The Supreme Court allowed appeal by Appellant against High Court order that discharged sureties from all liability -- The Court held that under Sectio...

© Image Copyrights Juris Services & Technology

Supreme Court Dismisses Appeal Against Initiation of CIRP Against Corporate Debtor Despite Payment by Guarantor's Resolution Applicant. Right of Subrogation Under Section 140 of Indian Contract Act, 1872 Not Available Where Resolution Plan Extinguishes Guarantee and No Payment of Entire Debt.

The case involves an appeal against the initiation of Corporate Insolvency Resolution Process (CIRP) against the 2nd respondent, Gujarat Hydrocarbon a...

© Image Copyrights Juris Services & Technology

High Court of Karnataka Partly Allows Surety's Appeal Against Forfeiture of Bond Amount — Reduces Penalty from Rs.40,000 to Rs.5,000. Surety's inability to produce absconding accused does not warrant forfeiture of entire bond amount under Section 446(3) CrPC.

The appellant, Sri Muniyappa, was a surety for accused Nos.1 and 3 in Sessions Case No.56/2016 before the II Additional District & Sessions Judge, Tum...

© Image Copyrights Juris Services & Technology

Bombay High Court Dismisses Challenge to Arbitral Award in Guarantee Dispute — Guarantor's Liability Not Discharged by Family Settlement Without Bank's Consent. Family Settlement Between Guarantor and Principal Debtor Does Not Discharge Guarantor Under Section 134 of Indian Contract Act, 1872.

The petitioner, Narinder Pal Agarwal, was a director and guarantor of Narendra Metal Converters Pvt. Ltd., which had taken loans from Saraswat Coopera...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows Furlough on Cash Surety for Life Convict Unable to Furnish Surety Due to Imprisoned Parents. Court Holds That Inability to Furnish Surety Should Not Deprive Prisoner of Furlough, Directs Release on Cash Surety of Rs.5,000 from Prison Earnings.

The petitioner, Anil Vishwanath Pathwe, a convict serving life imprisonment under Sections 302 and 498 of the Indian Penal Code, filed a letter-petiti...

© Image Copyrights Juris Services & Technology

Bombay High Court Allows SFC Petition Against Guarantors Under Section 31(1)(aa) of SFC Act, 1951 — Guarantors Liable Despite Company's Winding Up. Guarantee is a separate contract and liability of guarantor is co-extensive with principal debtor under Section 128 of Indian Contract Act, 1872.

The petitioner, SICOM Limited, a State Financial Corporation, filed a petition under Section 31(1)(aa) of the State Financial Corporation Act, 1951 ag...