WebNov 14, 2024 · In Industrial Investment Bank of India Limited v. Biswanath Jhunjhunwala, reported as ( 2009) 9 SCC 478, the Supreme Court has observed as under:- “14. Mr Gupta, in support of his submission, placed reliance on a judgment of this Court in Bank of Bihar Ltd. v. Dr. Damodar Prasad [AIR 1969 SC 297 : (1969) 1 SCR 620] , AIR p. 298, para 5. WebJan 1, 2024 · Bank of Bihar Ltd. Vs. Damodar Prasad & Anr. Appeal No.: Civil Appeal No. 1109 of 1965: Date of Judgment: 08-Aug-68: Court: Supreme Court of India: Act ... the …
Bank of bihar v damodar prasad- case analysis.docx - SPECIAL CONTR…
WebBank of Bihar Ltd. Vs. Damodar Prasad & ANR [1968] INSC 185 (8 August 1968) 08/08/1968 BACHAWAT, R.S. BACHAWAT, R.S. SIKRI, S.M. HEGDE, K.S. ... the … WebNov 9, 2024 · In the case of Bank of Bihar vs. Damodar Prasad, the Supreme Court held that Section 128 of the Indian Contract Act, 1872 states that surety’s liability is coextensive with that of the principal debtor. Also, there is no right for a surety for making the FC approach the principal debtor first before approaching guarantors for recovery. harvard divinity school field education
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Web5 hours ago · Apr 15, 2024, 04:37PM IST Source: ANI. The second phase of the Caste Census began in Patna city of Bihar on April 15. It will cover 29.2 million families. The Census will continue till May 15 ... WebHon'ble Supreme Court in the case of Bank of Bihar Ltd. v. Dr. Damodar Prasad reported in AIR 1969 SC 297, observed as under in para 6 of the judgment: "A guarantee is a collateral security usually taken by a banker. The security will become useless if his rights against the surety can be so easily cut down. Web1 day ago · Govt Company That Offers 8.24% Interest On Deposits, 8.77% For Senior Citizens. This Tamil Nadu Government Enterprise offers senior citizens 8.5 percent interest rates on FDs. 2 Investments That ... harvard developing child youtube