https://www.taxtmi.com/caselaws?id=198564 The Supreme Court dismissed the appeal, upholding the High Court's decision that the guarantor was liable for the loan despite attempting to revoke the guarantee. The court emphasized the binding nature of the continuous guarantee agreement, which prevented the invocation of Section 130 of the Indian Contract Act for revocation. The appellant's waiver of statutory rights by entering into the agreement was deemed valid, affirming the obligation to repay the loan to the bank. en-us Mon, 10 Mar 2008 00:00:00 +0530 Sat, 03 Feb 2018 10:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198564 The Supreme Court dismissed the appeal, upholding the High Court's decision that the guarantor was liable for the loan despite attempting to revoke the guarantee. The court emphasized the binding nature of the continuous guarantee agreement, which prevented the invocation of Section 130 of the Indian Contract Act for revocation. The appellant's waiver of statutory rights by entering into the agreement was deemed valid, affirming the obligation to repay the loan to the bank. Case-Laws Companies Law Mon, 10 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198564