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of <h1>Creditor's Delay in Suing Principal Debtor Doesn't Release Surety Under Section 137 of Indian Contract Act, 1872.</h1> Under Section 137 of the Indian Contract Act, 1872, a creditor's decision to refrain from suing the principal debtor or enforcing any other remedy does not release the surety from their obligations unless the guarantee explicitly states otherwise. For example, if a person owes a debt guaranteed by another, and the creditor delays legal action for a year after the debt is due, the guarantor remains liable for the suretyship.
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