https://www.taxtmi.com/caselaws?id=197275 Sections 124 and 125 of the Indian Contract Act, 1872 do not exhaust the law of indemnity, and an indemnity-holder may rely on the equitable rule requiring the indemnifier to keep him harmless from an existing, unconditional liability. Where liability incurred at the indemnifier's request has become absolute, the indemnity-holder need not wait for actual loss or for a third party to enforce a decree before suing. On the facts, the plaintiff's liability under the mortgage and further charge was not merely contingent, so the plea that the suit was premature failed and the suit was maintainable. en-us Wed, 01 Apr 1942 00:00:00 +0630 Mon, 01 Jan 2018 17:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197275 Sections 124 and 125 of the Indian Contract Act, 1872 do not exhaust the law of indemnity, and an indemnity-holder may rely on the equitable rule requiring the indemnifier to keep him harmless from an existing, unconditional liability. Where liability incurred at the indemnifier's request has become absolute, the indemnity-holder need not wait for actual loss or for a third party to enforce a decree before suing. On the facts, the plaintiff's liability under the mortgage and further charge was not merely contingent, so the plea that the suit was premature failed and the suit was maintainable. Case-Laws Indian Laws Wed, 01 Apr 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=197275