continuing guarantee under Ex. A9 and as it is a continuing guarantee. D-6 is liable till he revoked that guarantee and any revocation letter ... continuing guarantee which states that a guarantee which extends to a series of transactions is called a 'continuing guarantee'. A continuing guarantee
ground of his resignation as Director of the company and revocation of guarantee as early as on 6.7.1984.
4. The DRT after taking into consideration ... guarantee executed by the 6th defendant is a continuing guarantee as per Clause 7 of the said agreement. A continuing guarantee is a guarantee which
revoke the guarantee they must follow the terms and conditions set out in the continuing guarantee and their Continuing guarantee can be revoked only ... indicate that the guarantors must issue a notice in writing of revocation of guarantee as provided in the conditions and is received by the Bank
Deed of Guarantee dated 29.03.2014
("2014 Guarantee") under duress, despite his disassociation from the
Company. The 2014 Guarantee document is incomplete, contains unfilled ... subsequent irrevocable and
unconditional guarantee on 29.03.2014, superseding the earlier guarantee.
This 2014 Guarantee clearly waived any right to unilateral revocation, binding
the guarantor until
Deed of Guarantee dated 29.03.2014
("2014 Guarantee") under duress, despite his disassociation from the
Company. The 2014 Guarantee document is incomplete, contains unfilled ... subsequent irrevocable and
unconditional guarantee on 29.03.2014, superseding the earlier guarantee.
This 2014 Guarantee clearly waived any right to unilateral revocation, binding
the guarantor until
contract for furnishing guarantee by it but if the guarantee commission was not
depended upon the period of guarantee and, thus, had accrued in favour ... which the guarantee was furnished irrespective of the
period to which guarantee remained alive. This is so because the guarantee commission
cannot be apportioned with
respondent-bank would contend that the guarantee executed by the appellant is a continuing guarantee and the revocation of the said guarantee was unilateral ... upheld, as the guarantee given by this defendant is a continuing guarantee and the revocation, if any, of such guarantee would hold good only
examine whether the commission was refundable on the revocation of
guarantee and if it is found out to be so, then the commission should ... direction to examine whether the
commission was refundable on the revocation of guarantee. If it is found out to
be so, then the commission should
dispute has arisen between the parties over the invocation and revocation of the bank guarantee and an alternative remedy of arbitration is available as envisaged ... been nominated as an Arbitrator. The interim application for revocation of bank guarantee in this view of the matter had already become infructuous when
provides for
`Continuing Guarantee', a `Guarantee' which extends to a series of
transaction being called a `Continuing Guarantee'. Section ... Indian Contract Act, 1872, concerns with `Revocation of Continuing
Guarantee'. Section 131 of the Contract Act, 1872, relates to `Revocation
of Continuing Guarantee
