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What is Supreme Court Ruling on Surety Liability about?

1) Jagatram was awarded a contract to remove trees from a forest area in installments, with Nathuram and Kaluram as his sureties. 2) Jagatram removed most trees but did not pay the remaining installments. The state sought to recover the amount from Kaluram. 3) Kaluram sued for a declaration of non-liability, arguing the forest authorities impaired his security by not promptly seizing trees after the second default, as they were required. The courts agreed, discharging Kaluram

Author

Anesh kumar

Language

EN