follows:
"7. ... The agreement of guarantee clearly
provides that the guarantee shall be a continuing
guarantee and shall not be considered as cancelled ... different from an ordinary
guarantee. A guarantee which extends to a series of
transactions is called a "continuing guarantee". Such guarantee
makes
Respondent Nos.2
& 3 executed the deed of continuing guarantee on 20.05.1977
-4-
NC: 2024:KHC:29204-DB
MFA No.2489/2016 ... guarantee executed by the respondent No.2 is a
continuing guarantee and the same can be invoked so long as
the loan account is alive
Indian Bank. The loan was disbursed on 31.03.2014.
The said corporate guarantee continues during the F.Y. 2016-17 also. The
assessee has reported these ... without delay, demur or protest.
ii. The Guarantee shall be a continuing guarantee and shall remain in
force until the outstanding amount upto
Indian Bank. The loan was disbursed on 31.03.2014.
The said corporate guarantee continues during the F.Y. 2016-17 also. The
assessee has reported these ... without delay, demur or protest.
ii. The Guarantee shall be a continuing guarantee and shall remain in
force until the outstanding amount upto
Indian Bank. The loan was disbursed on 31.03.2014.
The said corporate guarantee continues during the F.Y. 2016-17 also. The
assessee has reported these ... without delay, demur or protest.
ii. The Guarantee shall be a continuing guarantee and shall remain in
force until the outstanding amount upto
Indian Bank. The loan was disbursed on 31.03.2014.
The said corporate guarantee continues during the F.Y. 2016-17 also. The
assessee has reported these ... without delay, demur or protest.
ii. The Guarantee shall be a continuing guarantee and shall remain in
force until the outstanding amount upto
marketing of agricultural
produce the applicant shall deposit an irrevocable and
continuous bank guarantee or cash security as specified
below or a amount equal ... conditions specified therein.
(5) The applicant shall deposit an irrevocable
continuous bank guarantee or cash security of Rupees fifty
lakhs or an amount equal
marketing of agricultural
produce the applicant shall deposit an irrevocable and
continuous bank guarantee or cash security as specified
below or a amount equal ... conditions specified therein.
(5) The applicant shall deposit an irrevocable
continuous bank guarantee or cash security of Rupees fifty
lakhs or an amount equal
What is a continuing cause of action? Speaking accurately, there is no such thing; but what is called a continuing cause of action ... continue to do that act. Breach of a covenant to keep the premises in good repair, breach of a continuing guarantee, obstruction to a right
appears that respondent Nos.3 & 4 had executed letters
of continuing Guarantee dated 26 February 2013 thereby unconditionally,
absolutely, and irrevocably guaranteeing repayment ... respondent Nos.3 & 4 had issued a letter of continuing guarantee,
guaranteeing such repayment.
5. It is the case of the petitioner that
