https://www.taxtmi.com/caselaws?id=295302 The High Court held that simultaneous execution petitions against the principal borrower and guarantor are maintainable without exceeding the decretal amount. The court set aside the directive to amend the execution petitions, emphasizing transparency in disclosing amounts recovered to prevent double recovery. The court referenced legal precedents supporting independent enforcement against the principal debtor and guarantor. Under its supervisory jurisdiction, the court corrected errors in the Executing Court's interpretation, allowing the decree holder to proceed with the execution petitions as filed and requiring an affidavit of undertaking for transparency. en-us Fri, 29 Apr 2016 00:00:00 +0530 Fri, 28 May 2021 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295302 The High Court held that simultaneous execution petitions against the principal borrower and guarantor are maintainable without exceeding the decretal amount. The court set aside the directive to amend the execution petitions, emphasizing transparency in disclosing amounts recovered to prevent double recovery. The court referenced legal precedents supporting independent enforcement against the principal debtor and guarantor. Under its supervisory jurisdiction, the court corrected errors in the Executing Court's interpretation, allowing the decree holder to proceed with the execution petitions as filed and requiring an affidavit of undertaking for transparency. Case-Laws Indian Laws Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295302