Section 126 Contract Act 1872

 

Section 126 Contract Act 1872 in Hindi and English 

Section 126 Contract Act 1872 :'Contract of guarantee', 'surety', 'principal debtor' and 'creditor' - A contract of guarantee' is a contract to perform the promise, or discharge the liability, of a third person in case of his default. The person who gives the guarantee is called the 'surety'; the person in respect of whose default the guarantee is given is called the 'principal debtor', and the person to whom the guarantee is given is called the creditor'. A guarantee may be either oral or written.

Supreme Court of India Important Judgments And Case Law Related to Section 126 of Contract Act 1872 :

Phoenix Arc Pvt. Ltd. vs Ketulbhai Ramubhai Patel on 3 February, 2021

Anuj Jain Interim Resolution vs Axis Bank Limited on 26 February, 2020

Raja Bahadur Dhanraj Girji vs Raja P. Parthasarathy  on 4 September, 1962

S. Chattanatha Karayalar vs The Central Bank Of India And on 9 March, 1965

Syndicate Bank vs Channaveerappa Beleri & Ors on 10 April, 2006

The Board Of Trustees Of The Port Of vs M/S Sriyanesh Knitters on 30 July, 1999

I.C.D.S. Ltd vs Beena Shabeer & Anr on 12 August, 2002

M/S. Reliance Salt Ltd vs M/S. Cosmos Enterprises & Anr on 22 November, 2006

State Trading Corpn.Of India Ltd vs Jainsons Clothing Corpn on 14 September, 1994

Punjab National Bank Limited vs Bikram Cotton Mills & Anr on 17 September, 1969

भारतीय संविदा अधिनियम, 1872 की धारा 126 का विवरण :  -“प्रत्याभूति की संविदा”, “प्रतिभू”, “मूलऋणी” और “लेनदार' -- “प्रत्याभूति की संविदा' किसी पर-व्यक्ति द्वारा व्यतिक्रम की दशा में उसके वचन का पालन या उसके दायित्व का निर्वहन करने की संविदा है। वह व्यक्ति जो प्रत्याभूति देता है, “प्रतिभू' कहलाता है, वह व्यक्ति, जिसके व्यतिक्रम के बारे में प्रत्याभूति दी जाती है, मूलऋणी कहलाता है, और वह व्यक्ति जिसको प्रत्याभूति दी जाती है, 'लेनदार' कहलाता है। प्रत्याभूति या तो मौखिक या लिखित हो सकेगी।  

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