Supreme Court · 1986 INSC 17 · Decided 14 February 1986
State Bank of India v. Saksaria Sugar Mills LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1986 INSC 17 · [1986] 1 S.C.R. 290
- Case number
- CIVIL APPEAL No. 569/1986
- Decided
- 14 February 1986
- Bench
- E.S. VENKATARAMIAH, M.P. THAKKAR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 128
Headnote
The Sugar Undertakings (Taking over of Management) Act ~ 1978, s.7(l)(b) - Sugar Undertaking Notified - Only obliga­ tions, rights, liabilities etc. arising out of contracts, assurances of properties or · agreements specified in the C Notification issu.!d remain suspended and Contract Act, 1872, s. 128 - Liability of surety - Whether co-extensive with that of principal debtor. The Sugar Undertakings (Taking over of Management) Act, 1978, by Clause (b) of section 7(1) mipowers the Central Govenment to issue a notification declaring that the opera­ .tion of all
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