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Nature and extent of surety liability

Debtor had to repay loan of 5 lakh and 50,000 interest. He defaulted. The surety had limited his liability to 5 lakh and he paid that amount to creditor. Now, the creditor cannot ask for interest from surety. But can he ask for interest from the debtor?


Aman Mahajan

Aman Mahajan

CA Inter

18K+

27-Jan-21 20:41

18

Answers (1)

Yes!


Sahibdeep Singh

Sahibdeep Singh

Moderator

28-Jan-21 09:57