Bombay High Court
Sahu Jain Ltd.
Versus
Rohtas Industries Ltd.
Decided On:

Headnote:Sections 17, 18 and 34-Contract Act, 1872, Section 129-Liability of surety.-Liability of surety is co-extensive with that of principle unless otherwise provided in contract.

       Sections 17, 18, 31 and 34 Companies Act, 1956, Section 446 Leave of Court.-Under Section 446 of Act, for grant of leave, notice must be given to official liquidator and also to "parties to suit".

       for Citation : 2000 Bankmann 717 (Pat)