contract of guarantee ", "surety", "principal debtor" and "debtor"; section 127 provides regarding the consideration for guarantee; section ... guarantee"; sections 130 and 131 deal with revocation of continuing guarantee and revocation of continuing guarantee by surety's death respectively; section
contract of guarantee", "Surety", "Principal Debtor" and 'Debtor". Section 127 provides regarding the consideration for guarantee; Section ... Guarantee"; Sections 130 and 131 deal with revocation of continuing guarantee and revocation of continuing guarantee by surety's death respectively; Sections
Guarantee Agreement at Ex.P.4 contended that the nature of guarantee in the case on hand is one of a continuing guarantee ... Bank by the Borrower, until notice in writing of revocation of the Guarantee as hereinafter provided is received by the Bank."
14. The learned
Continuing guarantee' - A
16
guarantee which extends to a series of transactions is
called a 'continuing guarantee'. Section ... view
of Section 130 of the Act which provides for revocation of
guarantee for future transactions. Defendant No.6 would
be liable under
Vile-Parle (West)
Mumbai-400 049
Sub: Revocation of Bank Guarantee against
Mobilisation Advance.
Ref: BG No-408101GL0001716 Issued Date-
20.07.2016-Expired ... dated 29-03-2019 (Copy
attached regarding extention or revocation of above
mentioned bank guarantee in the event bank
guarantee is not extended we have
working in the
said post and there is no guarantee that his suspension
would get revoked, and more over, the 3rd respondent's
tenure ... said post with
effect from 02.07.2019, and even there is no guarantee of
revocation of suspension of the 3rd respondent within that
period ie., before
Natural Remedies Pvt Ltd vs Indian Herbs Research & Supply Co Ltd on 9 December
reconfirm the BG's submitted after receipt of revocation order. They requested for revocation of the cancellation order. On consideration of the said request ... were ready to furnish Bank guarantee to the extent of 4%. Even without giving them sufficient time the said revocation was also withdrawn
from time-to-time, this guarantee shall to the extent aforesaid, be a continuing guarantee for payment of the ultimate balance to become ... Bank by the borrower, until notice in writing of revocation of the guarantee as hereinafter provided is received by the Bank."
19. The appellant
expressions "Contract of Guarantee",
"Principal Debtor" and "Debtor"; Section 127 provides regarding the consideration for guarantee; Section 128 deals with ... Continuing Guarantee"; Sections 130 and 131 deal with revocation of continuing guarantee by surety's death respectively; Sections
