https://www.taxtmi.com/caselaws?id=297403 A letter accompanying deposit of title deeds was treated as evidence of an intended security arrangement over immoveable property, but the decisive issue was suretyship. Where the creditor, without the surety's consent, gave time to the principal debtor by consent decree, the surety was discharged under the general law of suretyship. That discharge extended to property deposited as security even though there was no personal covenant to pay. The creditor therefore could not enforce the security against the sureties, and the defendants obtained relief with costs. en-us Fri, 27 Feb 1931 00:00:00 +0530 Thu, 02 Sep 2021 18:27:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297403 A letter accompanying deposit of title deeds was treated as evidence of an intended security arrangement over immoveable property, but the decisive issue was suretyship. Where the creditor, without the surety's consent, gave time to the principal debtor by consent decree, the surety was discharged under the general law of suretyship. That discharge extended to property deposited as security even though there was no personal covenant to pay. The creditor therefore could not enforce the security against the sureties, and the defendants obtained relief with costs. Case-Laws Indian Laws Fri, 27 Feb 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297403