consideration to
the third party surety for mortgage, the
consideration of having done anything for the
benefit of the principal debtor is a sufficient
consideration ... whom the
guarantee is given is called the 'creditor'. A
guarantee may be either oral or written.
127. Consideration for guarantee.- Anything
done
Chettinad Coal Washeries Pvt Ltd vs Dr. M.A.M. Ramaswamy Chettiar&Anr on
Chettinad Coal Washeries Pvt Ltd vs Dr. M.A.M. Ramaswamy Chettiar&Anr on
look at the "Deed of Irrevocable and Unconditional
Guarantee" (in short "Deed of Guarantee") entered into between B &
M Infra ... whom
the guarantee is given is called the 'creditor'. A
guarantee may be either oral or written.
127. Consideration for guarantee.- Anything done
provided C will guarantee the payment of the price of the
goods. C promises to guarantee the payment in consideration of A's
promise ... accepted. I hold that a past
consideration is a sufficient consideration for the contract of
guarantee."
30. Thus, to answer the third issue
commencement of the CIRP can only be taken into
consideration. In case of a guarantee, the debt becomes
due only when a creditor invokes ... Section 127 of the Contract Act reads thus:
"127. Consideration for guarantee. - Anything done, or
any promise made, for the benefit of the principal
more in line with that
of the American courts. An important consideration which
has weighed with the court for holding that an
administrative authority exercising ... this view are that the
requirement of recording reasons would (i) guarantee
consideration by the authority; (ii) introduce clarity in the
decisions; and (iii) minimise
more in line with that
of the American courts. An important consideration which
has weighed with the court for holding that an
administrative authority exercising ... this view are that the
requirement of recording reasons would (i) guarantee
consideration by the authority; (ii) introduce clarity in the
decisions; and (iii) minimise
more in line with that
of the American courts. An important consideration which
has weighed with the court for holding that an
administrative authority exercising ... this view are that the
requirement of recording reasons would (i) guarantee
consideration by the authority; (ii) introduce clarity in the
decisions; and (iii) minimise
more in line with that
of the American courts. An important consideration which
has weighed with the court for holding that an
administrative authority exercising ... this view are that the
requirement of recording reasons would (i) guarantee
consideration by the authority; (ii) introduce clarity in the
decisions; and (iii) minimise
