https://www.taxtmi.com/caselaws?id=456211 The appellate court upheld the trial court's judgment, dismissing the appeal and affirming Defendant 2's liability as guarantor under the cash credit agreement. The court found no evidence of collusion, misrepresentation, or negligence by the bank that would discharge the guarantor's obligations under Sections 133 to 141 of the Contract Act. Defendant 2's claims of forbearance and negligence were rejected, with the court emphasizing that the bank's actions did not impair Defendant 2's remedy against the principal debtor. The guarantor's liability remained intact, and no order as to costs was made. en-us Tue, 25 Mar 1986 00:00:00 +0530 Sat, 06 Jul 2024 12:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456211 The appellate court upheld the trial court's judgment, dismissing the appeal and affirming Defendant 2's liability as guarantor under the cash credit agreement. The court found no evidence of collusion, misrepresentation, or negligence by the bank that would discharge the guarantor's obligations under Sections 133 to 141 of the Contract Act. Defendant 2's claims of forbearance and negligence were rejected, with the court emphasizing that the bank's actions did not impair Defendant 2's remedy against the principal debtor. The guarantor's liability remained intact, and no order as to costs was made. Case-Laws Indian Laws Tue, 25 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456211