Section 128 Contract Act 1872

Section 128 Contract Act 1872 in Hindi and English 

Section 128 Contract Act 1872 :Surety's liability -- The liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract.

illustration

A guarantees to B the payment of a bill of exchange by C, the acceptor. The bill is dishonoured by C. A is liable, not only for the amount of the bill, but also for any interest and charges which may have become due on it.

Supreme Court of India Important Judgments And Case Law Related to Section 128 of Contract Act 1872 :

Lalit Kumar Jain vs Union Of India on 21 May, 2021

Laxmi Pat Surana vs Union Bank Of India on 26 March, 2021

Industrial Finance Corporation vs Thletdc.An&Naonrosr.E;on 12 April, 2002

Industrial Finance Corporation vs Thletdc.An&Naonrosr.E Spinning  on 12 April, 2002

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

State Bank Of India vs Saksaria Sugar Mills Ltd. And Ors on 14 February, 1986

Central Bank Of India vs C. L. Vimala & Ors on 28 April, 2015

State Bank Of India vs Indexport Registered And Ors on 30 April, 1992

State Bank Of India vs V. Ramakrishnan on 14 August, 2018

Maharashtra State Electricity vs Official Liquidator, High Court, on 13 October, 1982

भारतीय संविदा अधिनियम, 1872 की धारा 128 का विवरण :  -   प्रतिमू का दायित्व -- प्रतिभू का दायित्व मूलऋण के दायित्व के समविस्तीर्ण है, जब तक कि संविदा द्वारा अन्यथा उपबन्धित न हो।

दृष्टान्त

 'ख' को 'क' एक विनिमय-पत्र के प्रतिग्रहीता 'ग' द्वारा संदाय की प्रत्याभूति देता है। विनिमय-पत्र 'ग' द्वारा अनादृत किया जाता है। ‘क’ न केवल उस विनिमय-पत्र की रकम के लिए, बल्कि उन ब्याज और प्रभारों के लिए भी, जो उस पर शोध्य हो गए हों, दायी है।

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