Section 135 of ICA : Section 135: Discharge Of Surety When Creditor Compounds With, Gives Time To, Or Agrees Not To Sue, Principal Debtor
ICA
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Explanation using Example
Imagine that Raj has taken a loan from a bank and his friend, Suresh, has signed as a surety for the loan. This means that if Raj fails to repay the loan, Suresh will have to pay it on his behalf. Now, if the bank ...
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