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

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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 Read Post »