https://www.taxtmi.com/caselaws?id=456232 The Bombay HC held that when a composite suit is filed against both principal debtor and sureties, and the suit abates against the principal debtor due to failure to bring legal heirs on record, the suit automatically abates against the sureties as well under Section 134 of the Contract Act. While separate suits can be filed against guarantors alone, in composite suits, abatement against the principal debtor results in abatement against all parties to prevent conflicting decrees. The court quashed the execution proceedings against the sureties, allowing the revision application. en-us Tue, 13 Jun 2017 00:00:00 +0530 Mon, 08 Jul 2024 20:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456232 The Bombay HC held that when a composite suit is filed against both principal debtor and sureties, and the suit abates against the principal debtor due to failure to bring legal heirs on record, the suit automatically abates against the sureties as well under Section 134 of the Contract Act. While separate suits can be filed against guarantors alone, in composite suits, abatement against the principal debtor results in abatement against all parties to prevent conflicting decrees. The court quashed the execution proceedings against the sureties, allowing the revision application. Case-Laws Indian Laws Tue, 13 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456232