https://www.taxtmi.com/caselaws?id=303929 The court dismissed both appeals with costs, affirming the learned single judge's decision. The respondents were discharged from their liabilities as sureties due to the bank's negligence and a new arrangement with the principal debtor. The bank was not entitled to retain the shares pledged by the respondents after the overdraft account was settled. Consequently, the respondents were entitled to the return of their shares and other securities. en-us Wed, 15 Feb 1989 00:00:00 +0530 Thu, 25 Aug 2022 19:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303929 The court dismissed both appeals with costs, affirming the learned single judge's decision. The respondents were discharged from their liabilities as sureties due to the bank's negligence and a new arrangement with the principal debtor. The bank was not entitled to retain the shares pledged by the respondents after the overdraft account was settled. Consequently, the respondents were entitled to the return of their shares and other securities. Case-Laws Indian Laws Wed, 15 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303929