Law

TITLE OF THE CASE Syndicate Bank, Petitioner V. Padmidi Somaiah (died) and a nonher, Respondents. C.R.P. NO. 4531 OF 1997, D/-13-9-2001. adjure wreak (9 of 1872), Ss. 134, 140 Discharge of security m Act or default of creditor Suit filed against both interrogatory debitor and protection - Death of principal debitor during pendency of Omissions of creditor to bring the licit representatives of principal debtor on record debt consequently stood fulfil warranters right to proceed against principal debtor as provided under S. 140 similarly lost obligation of warrantor would be action Decree if passed against gage would be inexecutable. OBJECTIVES To work localise the various ground of eludings & reason for passing this finding  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 discha rge of surety Act or omission of creditor. Bank filed revise petition against second idea debtor, who is the surety for the recovery of the amount due by the tenet debtor Pamidi which was died. The respondent filed a counter stating that he was unaccompanied a surety not the original borrower and he is not nonimmune to pay the money. The petitioner must proceed against the properties of the first-class honours degree judgment debtor. The monastic order passed is illegal, void and not executable and also the first judgment borrow the money for agriculture function which was unblock under income tax act so debt should discharged .so by listening all the referenced evidence court of law verbalize 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 deserve and the same is accordingly dismissed, but without costs. TERMINOLOGY As this case belongs to Contract of Guar! antee. So before going done the case we should have the companionship of...If you want to get a full essay, order it on our website: BestEssayCheap.com

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