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Bombay High Court at Goa Allows Writ Petition by Bank Against Co-operative Tribunal Order Discharging Sureties — No Variance of Contract or Loss of Security Under Indian Contract Act, 1872. Adjustment of Compensation from Defective Vehicle Towards Loan Does Not Discharge Sureties.

The petitioner, The Goa Urban Co-operative Bank Ltd., advanced two loans totaling Rs.3,47,000 to respondent no.4 (principal borrower) for purchasing a...