01Jan0 comments on “The surety’s obligation to pay would arise immediately on default committed by the principal debtor and once a cause of action against the surety has arisen the commencement of the running of time is not further postponed till the making of a demand-Montosh Kumar Chatterjee v Central Calcutta Bank Ltd.-Calcutta High Court” The surety’s obligation to pay would arise immediately on default committed by the principal debtor and once a cause of action against the surety has arisen the commencement of the running of time is not further postponed till the making of a demand-Montosh Kumar Chatterjee v Central Calcutta Bank Ltd.-Calcutta High Court Posted by Ganshyam Singhon January 1, 2017April 24, 2022in Case Laws-SARFAESI-High Courts, IBC-Case Laws-High Courts, Indian Contract Act-Case LawsLeave a comment Username Password Remember Me Forgot Password In case you've already logged in, click here to know why you're not able to access this content.