Law

TITLE OF THE CASE Syndicate Bank, Petitioner V. Padmidi Somaiah (died) and another, Respondents. C.R.P. NO. 4531 OF 1997, D/-13-9-2001. adjure mo (9 of 1872), Ss. 134, 140 Discharge of security footprint Act or default of creditor Suit filed against both head teacher debitor and protection - Death of principal debitor during pendency of Omissions of creditor to bring the legitimate representatives of principal debtor on record debt consequently stood discharge warranters right to proceed against principal debtor as provided under S. 140 to a fault lost indebtedness of warrantor would be fulfil Decree if passed against gage would be inexecutable. OBJECTIVES To work take aim the various ground of eggshells & reason for passing this finality  braggy opinion if we provide savvy in place of approximate S. ANANDA REDDY. J. INTRODUCTION This case was filed under contact act 1872 region 134 and 140 of discharge of surety Act or omission of creditor. Bank filed revise petition against second psyche debtor, who is the surety for the recovery of the amount due by the linguistic rule debtor Pamidi which was died. The respondent filed a counter stating that he was but a surety not the original borrower and he is not nonimmune to pay the money.

The petitioner must proceed against the properties of the beginning judgment debtor. The polity passed is illegal, void and not executable and also the first judgment borrow the money for agriculture designing which was unblock under income tax act so debt should discharged .so by listen ing all the referenced evidence accost ver! balize that petitioner is not entitled to proceed against the surety stock-still in the presence of trial court decree which is not executable. So court passed that the revision petition is without moral excellence and the same is accordingly dismissed, but without costs. TERMINOLOGY As this case belongs to Contract of Guarantee. So before going by means of the case we should have the companionship of...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay