https://www.taxtmi.com/caselaws?id=197637 The court upheld the validity of the sale of securities by the Bank, ruling that proper notice was given, rejecting claims of an agreement to postpone the sale. It found the delay in sale did not impact prices significantly and limited the guarantor's liability to the first loan only. The interest rate was reduced to 6%, as contested, and the court dismissed appeals challenging the lower court's judgment, affirming the sales' validity and rejecting claims of wrongful conversion. The guarantor's estate was held liable for the first loan, and the appeals were dismissed with costs. en-us Tue, 29 Nov 1949 00:00:00 +0530 Thu, 11 Jan 2018 13:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197637 The court upheld the validity of the sale of securities by the Bank, ruling that proper notice was given, rejecting claims of an agreement to postpone the sale. It found the delay in sale did not impact prices significantly and limited the guarantor's liability to the first loan only. The interest rate was reduced to 6%, as contested, and the court dismissed appeals challenging the lower court's judgment, affirming the sales' validity and rejecting claims of wrongful conversion. The guarantor's estate was held liable for the first loan, and the appeals were dismissed with costs. Case-Laws Indian Laws Tue, 29 Nov 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197637