Bank of bihar vs damodar prasad summary
WebRULE: It is the duty of the surety to pay the decretal amount. On such payment he will be subrogated to the rights of the creditor under s. 140 of the Indian Contract Act and he … WebBANK OF BIHAR LIMITED Vs. DAMODAR PRASAD - SUPREME COURT OF INDIA - August 08, 1968. BANK OF BIHAR LIMITED Vs. DAMODAR PRASAD. LAWS(SC) …
Bank of bihar vs damodar prasad summary
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WebApr 7, 2015 · Equivalent citations: 1969 AIR 297, 1969 SCR (1) 620 Bench: Bachawat, R.S. PETITIONER: BANK OF BIHAR LTD. Vs. RESPONDENT: DAMODAR PRASAD & ANR. DATE OF JUDGMENT: 08/08/1968 BENCH: BACHAWAT, R.S. BENCH: BACHAWAT, R.S. SIKRI, S.M. HEGDE, K.S. CITATION: 1969 AIR 297 1969 SCR (1) 620 CITATOR INFO : … WebPETITIONER: BANK OF BIHAR LTD. Vs. RESPONDENT: DAMODAR PRASAD & ANR. DATE OF JUDGMENT: 08/08/1968 FACTS The appellant-creditor lent moneys to the first respondent on the guarantee of the second respondent., The appellant filed a suit against the respondents for recovery of the amount due. and the suit was decreed.
WebHon'ble Supreme Court in the case of Bank of Bihar Ltd. v. Dr. Damodar Prasad reported in AIR 1969 SC 297, observed as under in para 6 of the judgment: "A guarantee is a collateral security usually taken by a banker. The security will become useless if his rights against the surety can be so easily cut down. WebApr 30, 1992 · 11. In Bank of Bihar Ltd. v. Damodar Prasad “It is the duty of the surety to pay the decretal amount. On such payment he will be subrogated to the rights of the …
WebThe plaintiff has filed the Bank Of Bihar Ltd vs Damodar Prasad & Anr on 8 August, 1968 Indian Kanoon - 2 present appeal after obtaining a certificate. The guarantee bond in … WebCase: Bank of Bihar v Damodar Prasad AIR 1969 SC 297: wherein the defendant guaranteed a bank loan. On default, the defendant was sued. The trial court held that …
WebOrder XX r. 11 ( 1 ) provides that "where and in so far as a dec for the payment of money, the Court may for any sufficient reason at the time of passing the d order that payment of the amount decreed shall be postponed or shall be made by instalments Bank Of Bihar Ltd vs Damodar Prasad & Anr on 8 August, 1968 Indian Kanoon - 3
WebNov 14, 2024 · In Industrial Investment Bank of India Limited v. Biswanath Jhunjhunwala, reported as ( 2009) 9 SCC 478, the Supreme Court has observed as under:- “14. Mr Gupta, in support of his submission, placed reliance on a judgment of this Court in Bank of Bihar Ltd. v. Dr. Damodar Prasad [AIR 1969 SC 297 : (1969) 1 SCR 620] , AIR p. 298, para 5. galbreath logoWebThe plaintiff Bank lent moneys to defendant No. 1 Damodar Prasad on the guarantee of defendant No. 2 Paras Nath Sinha. On the date of the suit Damodar Prasad was … galbreath mb2430WebFeb 11, 2024 · In the case of Sanjeev Shriya v. State Bank of India & Ors., the Hon’ble Allahabad High Court has barred parallel proceedings in Debt Recovery Tribunal (DRT) … blackbody lightingWebFeb 14, 2015 · In case of Lallan Prasad v. Rahmat Ali [ii], Supreme Court of India defined Pledge as: “Pawn or pledge is a bailment of personal property as a security for some debt or engagement. galbreath meaningWebJudgment Text. The plaintiff Bank lent moneys to defendant No. 1 Damodar Prasad on the guarantee of defendant No. 2 Paras Nath Sinha. On the date of the suit Damodar … blackbody light sourceWebJun 13, 2024 · In Bank of Bihar vs Damodar Prasad it was held that the creditor do not have exhaust all the remedies against principal debtor before suing the surety. It is the … galbreath mortgage companygalbreath mfg