Continuous guarantee
Continuous guarantee legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Concession/settlement agreement between bank, borrower and guarantor for rescheduling the loan arising out of the original finance agreement
Liability of guarantor/surety would continue in such circumstances as liability of guarantor/surety was co-extensive with the principal borrower, and more so since guarantor had waived his right and or defence in the present case against any variation of loan agreement.
Concession/settlement agreement between bank, borrower and guarantor for rescheduling the loan arising out of the original finance agreement
Liability of guarantor/surety would continue in such circumstances as liability of guarantor/surety was co-extensive with the principal borrower, and more so since guarantor had waived his right and or defence in the present case against any variation of loan agreement.
"Continuous guarantee", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124955305
Precedents & Case Laws citing "Continuous guarantee"
2020 C L D 274
Messrs GULISTAN POWER GENERATION LIMITED and 3 others — Appellants Versus BANK OF PUNJAB and 2 others — Respondents
Court: Lahore (Multan Bench)P L D 1966 (W
PROVINCE OF WEST PAKISTAN‑Appellant Versus SHAMSUDDIN AND ANOTHER‑Respondents
Court:1989 M L D 366
ALLIED BANK OF PAKISTAN LIMITED‑‑Petitioner Versus ZIA‑UL‑QAMAR BHATTI and another‑‑Respondents
Court: LahoreP L D 1958 (W
AMANULLAH KHAN‑Applicant Versus Syed MASOOD ALI NAQVI and others‑Opponents
Court:P L D 2025 Islamabad 41
HIGHER EDUCATION COMMISSION through Project Director, Islamabad — Petitioner Versus Dr. NOUSHEEN IRAM and 2 others — Respondents
Court: High Court2013 C L D 2138
MEEZAN BANK LIMITED — Plaintiff Versus Messrs FOCUS APPARELS (PVT.) LTD. and 6 others — Defendants
Court: Sindh2015 Y L R 241
MEEZAN BANK LTD. — Plaintiff Versus Messrs FACUS APPARELS (PVT.) LTD. and 6 others — Defendants
Court: Sindh1983 C L C 356
GHULAM MUSTAFA‑Applicant Versus Mst. REHMAT BIBI AND 7 OTHERS‑Respondents
Court: Karachi2015 C L D 629
HABIB BANK LIMITED — Plaintiff Versus Messrs TOWELINE (PVT.) LIMITED and others — Defendants
Court: Lahore1998 M L D 1744
UNITED BANK LIMITED — Plaintiff Versus AFTAB AHMED — Defendant
Court: Karachi