https://www.taxtmi.com/caselaws?id=304642 The court ruled in favor of the mother, the guarantor, in a dispute over a loan for a Jeep taken by her son. The son defaulted, leading the mother to pay Rs. 10,000 to prevent the sale of her property offered as security. The son failed to reimburse her, prompting her to sue him. The court held that the mother's payments discharged the son's liability towards the decree debt, as per Section 140 and Section 145 of the Indian Contract Act. The guarantor's liability was limited to the remaining balance after the principal debtor's payments, and the appeal challenging this was dismissed. en-us Fri, 30 Jul 1999 00:00:00 +0530 Tue, 11 Oct 2022 18:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304642 The court ruled in favor of the mother, the guarantor, in a dispute over a loan for a Jeep taken by her son. The son defaulted, leading the mother to pay Rs. 10,000 to prevent the sale of her property offered as security. The son failed to reimburse her, prompting her to sue him. The court held that the mother's payments discharged the son's liability towards the decree debt, as per Section 140 and Section 145 of the Indian Contract Act. The guarantor's liability was limited to the remaining balance after the principal debtor's payments, and the appeal challenging this was dismissed. Case-Laws Indian Laws Fri, 30 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304642