M.C. Chacko v. State Bank of Travancore
M.C. Chacko v. State Bank of Travancore 1970 AIR 500 [Section 25(1) of Indian Contract Act, Privity Of Contract, Exceptions, Section 40] FACTS: H bank had an overdraft account with State Bank. MC Chacko was the manager of H bank and his father K had guaranteed the repayment of debt. K gifted his properties to…