Suretyship

State of Madhya Pradesh v. Kaluram

ByVivek Kumar Verma January 22, 2012

State of Madhya Pradesh v. Kaluram 1967 SCR (1) 266 (Suretyship, Section 139 and 141 of Indian Contract Act, Subrogation) FACTS At an auction for sale of felled trees, Jagatram (J) was awarded the sale, on payment of a security and subsequent payment of installments. He executed a contract in favour of the Governor of…

Contract Law | Indemnity and Guarantee

Amrit Lal Goverdhan Lalan v. State Bank of Travancore and Ors.

ByVivek Kumar Verma January 22, 2012

Amrit Lal Goverdhan Lalan v. State Bank of Travancore and Ors. 1968 SCR (3) 724 (ss.133, 135, 139 and 141 of Indian Contract Act, Suretyship, Subrogation) FACTS: Respondents 3 to 6, as partners of Respondent 2 firm (R2), entered into an agreement with a Bank (R1) to open a cash credit account to the extent…

State of Madhya Pradesh v. Kaluram

Amrit Lal Goverdhan Lalan v. State Bank of Travancore and Ors.

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