https://www.taxtmi.com/caselaws?id=102218 Orders passed in winding up proceedings, including disposed of transferred suits, are appealable under the Companies Act's special appellate provision. In guarantee disputes, a bank's appropriation from one cash credit account does not, by itself, preserve liability against guarantors who did not consent to or guarantee later independent accounts; amounts already adjusted from the borrower's account were not recoverable from the original surety, while the unpaid instalment remained due. A surety is not discharged merely because later cash credit facilities are opened, absent a material variation of the original contract without consent. Interest was recoverable at the contractual bank rate where the agreement so provided. en-us Wed, 04 Sep 1991 00:00:00 +0530 Tue, 14 Feb 2012 11:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102218 Orders passed in winding up proceedings, including disposed of transferred suits, are appealable under the Companies Act's special appellate provision. In guarantee disputes, a bank's appropriation from one cash credit account does not, by itself, preserve liability against guarantors who did not consent to or guarantee later independent accounts; amounts already adjusted from the borrower's account were not recoverable from the original surety, while the unpaid instalment remained due. A surety is not discharged merely because later cash credit facilities are opened, absent a material variation of the original contract without consent. Interest was recoverable at the contractual bank rate where the agreement so provided. Case-Laws Companies Law Wed, 04 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102218