M. S. Anirudhan – Appellant
Versus
Thomcos Bank, LTD. – Respondent
Judgment
KAPUR, J. : It is not necessary for me to give the facts of this case as they are set out in detail in the judgments of my learned brethren Sarkar and Hidayatullah JJ. In my opinion this appeal should be dismissed and my reasons are these:
2. On the findings of the High Court it appears that the Bank had agreed to allow an overdraft to defendant No. 1 for Rs. 20,000/-, that the appellant gave a surety bond for the repayment of Rs. 25,000/- and when that was pointed out to defendant No. 1, the principal debtor, he (the latter) made the alteration in the document by reducing the figure of Rs. 25,000/- to Rs. 20,000/-.
3. The case of the appellant was not that he never stood surety for defendant No. 1 but that he stood surety for Rs. 5,000/- which was subsequently altered to Rs. 20,000/- and that any change of figure was a material alteration resulting in the avoidance of the contract, even though the alteration might have been advantageous to him the obliger. It was argued that howsoever innocent the obligee might be or howsoever innocent the alteration might have been made so far as it is material the non- accepting obligor - the appellant in this case - cannot be held liable
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