Revocation of continuing guarantee by surety's death (section 131)

Corporate & Other Laws

If the principal debtor failed to pay the amount even after the death of the surety, then can the principal creditor again go to the principal debtor and demand for the amount he wants to pay?

Arjun

CA Inter

★ 8K+

21-Feb-24 17:31

687

Answers (2)

Yes.

CA YOGITA HARJANI

Faculty

21-Feb-24 18:09

Thank you ma'am

Thread Starter

Arjun

CA Inter

★ 8K+

21-Feb-24 18:33