https://www.taxtmi.com/caselaws?id=169809 Under the guarantee deed, admissions, settlements, or statements between the bank and the principal debtor were treated as conclusive evidence binding the guarantors. Once the principal debtor's liability had been restored and stood as a decree on admission, the guarantors could not resist enforcement on the basis of their own objections. The contractual clause extending conclusiveness to the guarantors supported their liability, and the decree against them was restored, leaving them jointly and severally liable to satisfy the amount due. en-us Mon, 18 Mar 1996 00:00:00 +0530 Mon, 11 May 2015 10:32:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169809 Under the guarantee deed, admissions, settlements, or statements between the bank and the principal debtor were treated as conclusive evidence binding the guarantors. Once the principal debtor's liability had been restored and stood as a decree on admission, the guarantors could not resist enforcement on the basis of their own objections. The contractual clause extending conclusiveness to the guarantors supported their liability, and the decree against them was restored, leaving them jointly and severally liable to satisfy the amount due. Case-Laws Indian Laws Mon, 18 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169809