Supreme Court · 2008 INSC 334 · Decided 10 March 2008
Sita Ram Gupta v. Punjab National Bank and ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 334 · [2008] 4 S.C.R. 636
- Case number
- CIVIL APPEAL No. 1878/2008
- Decided
- 10 March 2008
- Bench
- TARUN CHATTERJEE, H.S. BEDI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 130
Headnote
636 A SITA RAM GUPTA ...(--.-;,. . II. PUNJAB NATIONAL BANK AND ORS. · (Civil Appeal No. 1878 of 2008) B MARCH 10, 2008 (TARUN CHATTERJEE & HARJIT SINGH BEDI, JJ.) Indian Contract Act 1872 Section 130: y- Continuing guarantee - Revocation - . Guarantor - c Liability of - Held: was lawful - Letter · written by the guarantor to Bank withdrawing guarantee was of D no effect in terms of guarantee clause in the agreement - Hence, High Court rightly held that the guarantor cannot claim benefit of the provisions uls. 130 of the Act on groun.d that it ~ was waived by
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