Supreme Court · 2006 INSC 221 · Decided 10 April 2006
Syndicate Bank v. Channa Veerappa Beleri and ORS.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 221 · [2006] 3 S.C.R. 999
- Case number
- CIVIL APPEAL No. 6894/1997
- Decided
- 10 April 2006
- Bench
- ARUN KUMAR, R.V. RAVEENDRAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 129; Limitation Act Section 55, 13
Headnote
v. CHANNA VEERAPPA BELERI AND ORS. APRIL 10, 2006 [ARUN KUMAR AND R.V. RA YEEND RAN, JJ.) B The Contract Act, 1872: Section 129-Continuing guarantee-Payable on demand­ Enforcement of-limitation-Held, the limitation begins to run when the C demand is made and the guarantor commits breach by nqt a company known as Gadag Forge. Fits (India) Pvt. Ltd., 'company' for short). Respondent 1 was its Managing D Director and Respondents 2 to 7 were its Directors. The credit facilities were renewed and enhanced from time to time. Respondents 1to7 executed different guarantee bonds in favour of
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