Silverline Motors Pvt. Ltd. submitted various documents including a letter of continuing guarantee dated 30th November, 2005 by the respondent in favor of the petitioner ... petitioner has produced the letter of continuing guarantee alleged to be signed on behalf of the respondent by Neelam Sharma as Director of respondent
These documents do indicate that Moti Lal Jam has given a continuing guarantee in respect of the said loan taken by defendant No. I from ... termed as a continuing guarantee, a guarantee which extends to a series of transaction is called as a continuing guarantee and Section 131 lays down
said guarantee are relevant and read as under:
(3) This guarantee shall be a continuing security to you, and shall not be determined except ... under the Letter of Guarantee. It has already been pointed out above that the Letter of Guarantee was a continuing guarantee and it contained specific
various clauses of the guarantee
including Clause 2.2, which shows that the personal guarantee in issue is
a continuing guarantee. For the sake of convenience ... said Clause is
set out hereafter:
"2.2 Continuing Guarantee
This Guarantee is a continuing guarantee and will extend to the
ultimate balance
plaintiff is time- barred.
(iv) Surety-ship bond is a continuing guarantee and as per terms of the guarantee, it will remain invoked in terms ... more than one guarantee, though given by the same guarantor, each such guarantee must be invoked in the demand. Until each guarantee is invoked
personal guarantee and third party
collateral given to Financial Creditors to secure the debt of the
Company and FPL shall continue with such respective Financial ... personal
guarantee and the third part collateral given to Financial Creditors to
secure the debt of „the Company‟ and FPL continued and such
financial creditors
guarantee (Ex. P-14). This was to be considered a continuing guarantee for the purpose of securing the ultimate balance due, or that ... unit situate at Kalpi Road, Kanpur, and thereby created a first and continuing mortgage charge over the said properties in favor of the plaintiff
placed upon Rule 6 (1). The DISCOMS allege that the guarantee of continuity of service conditions means that existing regulations such as Central Civil Service ... liability to pay pension and terminal benefits negates the guarantee of continuity and protection of past service contained in the tripartite agreements as well
payment. It also provides that the guarantee shall be a continuing guarantee for payment of the ultimate balance to become due to the Bank ... bank guarantee nos 614 and 615) and 11.06.1990 (bank guarantee no. 626). This position is reflected in the certified copies of the bank guarantee register
continuing guarantee with reference to clauses in the guarantee deed. This reference to the said provisions and clauses of the guarantee have been made ... present case, the letter of guarantee records as under:
This guarantee shall be a continuing security to you, and shall not be determined except
