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 sham (9 of 1872), Ss. 134, 140 Discharge of security beat Act or default of creditor Suit filed against both foreland debitor and protection - Death of principal debtor during pendency of Omissions of creditor to bring the wakeless representatives of principal debtor on record debt consequently stood action warranters right to proceed against principal debtor as provided under S. 140 likewise lost obligation of warrantor would be accomplish Decree if passed against security measure would be inexecutable. OBJECTIVES To work ordinate the various ground of slips & reason for passing this termination  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 perspicacity debtor, who is the surety for the recovery of the amount due by the teaching debtor Pamidi which was died. The respondent filed a counter stating that he was just a surety not the original borrower and he is not nonimmune to pay the money. The petitioner must proceed against the properties of the starting time judgment debtor. The code passed is illegal, void and not executable and also the first judgment borrow the money for agriculture spirit which was unblock under income tax act so debt should discharged .so by listening all the referenced evidence beg 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 chastity and the same is accordingly dismissed, but without costs. TERMINOLOGY As this case belongs to Contract of Guarantee. So before ! going finished 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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