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Sec 136

If third party made an agreement with principal debtor to give time to debtor, surety is not discharged. But is it mandatory that that 3rd party has to communicate such agreement with surety.


AKHIL KOSHY

AKHIL KOSHY

CA Inter

7K+

16-Jun-20

63

Answers (3)

First, surety is not discharged when an agreement is made between a third party and creditor to give additional time to principal debtor, next, it is not mandatory or no where said in the act that third party has to communicate the agreement with the surety


Sri Ram C.A

Sri Ram C.A

CA Inter

9K+

16-Jun-20

In video section ma'am saying there is a connection between third party and surety. Is it mandatory


Thread Starter

AKHIL KOSHY

AKHIL KOSHY

CA Inter

7K+

16-Jun-20

Thread Starter

AKHIL KOSHY

In video section ma'am saying there is a connection between third party and surety. Is it mandatory

No it's not mandatory to communicate such agreement by third party to surety


Sri Ram C.A

Sri Ram C.A

CA Inter

9K+

16-Jun-20

All the Best
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