https://www.taxtmi.com/acts?id=7202 Where a guaranteed debt is due or the principal debtor has defaulted, a surety who pays or performs what he is liable for is invested with all the rights which the creditor had against the principal debtor, enabling the surety to stand in the creditor's place and enforce recovery from the principal debtor to the extent of the surety's liability. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7202 Where a guaranteed debt is due or the principal debtor has defaulted, a surety who pays or performs what he is liable for is invested with all the rights which the creditor had against the principal debtor, enabling the surety to stand in the creditor's place and enforce recovery from the principal debtor to the extent of the surety's liability. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7202