https://www.taxtmi.com/caselaws?id=279287 A municipal remission of contractual obligations was held ineffective because the special general meeting was not convened in the manner required by municipal law and the statutory formalities for a binding municipal agreement were not met. The Court treated remission under the Contract Act as dependent on a valid agreement and held that the absence of the prescribed municipal form defeated the claimed dispensation. On the surety issue, there was no valid variation of contract or binding fresh contract between creditor and principal debtor, so the surety was not discharged under sections 133 or 135. The decree in favour of the municipality was upheld. en-us Wed, 05 Aug 1903 00:00:00 +0521 Mon, 11 Mar 2019 18:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279287 A municipal remission of contractual obligations was held ineffective because the special general meeting was not convened in the manner required by municipal law and the statutory formalities for a binding municipal agreement were not met. The Court treated remission under the Contract Act as dependent on a valid agreement and held that the absence of the prescribed municipal form defeated the claimed dispensation. On the surety issue, there was no valid variation of contract or binding fresh contract between creditor and principal debtor, so the surety was not discharged under sections 133 or 135. The decree in favour of the municipality was upheld. Case-Laws Indian Laws Wed, 05 Aug 1903 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=279287