Facts of the Case ‘X’ and ‘Y’ were involved in insolvency proceedings before a court of competent jurisdiction. The court adjudged ‘Y’ as an insolvent, […]
Tag: debt recovery
In a case of insolvency proceeding between ‘A’ and ‘B’, the court of competent jurisdiction adjudged ‘A’ as an insolvent. Thereafter ‘C’ another creditor filed a case against ‘A’ for recovery of the loan amount. What is the legal status of the judgment given by the court between ‘A’ and ‘P’? Is it binding on ‘C’? Discuss.
Facts of the Case An insolvency proceeding was initiated between ‘A’ (debtor) and ‘B’ (creditor) before a court of competent jurisdiction. After due consideration, the […]
21. ‘B’ is the principal debtor of ‘A’. C is the surety of the debt. A, the creditor makes a promise to a neighbour of ‘B’ to give time to ‘B’. Discuss the effect if any of this promise on the contrac of guarantee.
1. Facts of the Case ‘B’ is indebted to ‘A’ for a certain amount. To secure this debt, ‘C’ acts as a surety for ‘B’s […]
53 . A Promissory Note was executed by X to Z. Suddenly X died. Can Z claim against the legal heirs of X? Decide..
Facts of the case Issues in the case Principles associated with the case Judgement