Supreme Court · 2015 INSC 944 · Decided 29 December 2015
Central Bank of India v. Virudhunagar Steel Rolling Mills LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 944 · [2015] 12 S.C.R. 64
- Case number
- CIVIL APPEAL No. 3654/2006
- Decided
- 29 December 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Bank/Banking: Credit facilities taken by respondent c company from appellant-bank - On 30. 8. 197 4, respondent nos.2 to 4, the Directors of the respondent company gave personal guarantee - Held: Liabilities incurred by the respondent company prior to the execution of nos.2 to 4 were not recoverable D from the latter. Dismissing the appeal, the Court HELD: The Guarantee Deeds executed by Respondent Nos.2 to 4 on 30.8.1974 rendered them E personally liable for any transactions or advances made l>Y the appellant Bank to the Respondent Company after
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