Mr. Justice Y.K. Sabharwal

Recovery of Debts Due to Banks and Financial Institutions Act, 1993 is a valid piece of legislation – Union of India & Anr. Vs. Delhi High Court Bar Association & Ors. – Supreme Court

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Recovery of Debts Due to Banks and Financial Institutions Act, 1993 is a valid piece of legislation – Union of India & Anr. Vs. Delhi High Court Bar Association & Ors. – Supreme Court Read Post »

Guarantor cannot but be stated to be a strict liability & even if the principal debtor is discharged from his liability unless such discharge is through the act of the creditor without consent of the surety/guarantor, the creditor’s right of action against the surety is preserved-Industrial Finance Corporation Of India Ltd. Vs. Thletdc.An&Naonrosr.E Spinning & Weaving Mills -Supreme Court

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Guarantor cannot but be stated to be a strict liability & even if the principal debtor is discharged from his liability unless such discharge is through the act of the creditor without consent of the surety/guarantor, the creditor’s right of action against the surety is preserved-Industrial Finance Corporation Of India Ltd. Vs. Thletdc.An&Naonrosr.E Spinning & Weaving Mills -Supreme Court Read Post »

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