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[Cites 0, Cited by 0] [Section 55(2)] [Section 55] [Entire Act]

State of Punjab - Subsection

Section 55(2)(b) in The Punjab Co-operative Societies Act, 1961

(b)a claim by a surety against the principal debtor where the society has recovered from the surety any amount in respect of any debt or demand due to it from the principal debtor as a result of the default of the principal debtor whether such debt or demand is admitted or not;