Brs Ventures Investments Ltd vs Srei Infrastructure Finance Limited on 23 July, 2024
He submitted that the High Court of Karnataka, in the
case of Kadamba Sugar Industries Pvt. Ltd. v. Devru
Ganapathi Hegde Bhairi3 has held that acceptance of the
lesser amount by the creditor under the complete satisfaction
of the dues paid by the surety, entitled surety to the right of
subrogation. The surety is entitled to all the rights of the
creditor against the principal debtor.