Appeal from the judgment and decree dated September 30, 1957, of the Kerala High Court in Appeal suit No.
In this view of the matter the High Court, relying on the principle companytained in s. 87 of the Negotiable Instruments Act, 1881, passed a decree against the appellant.
25,000/ and this figure was later altered to Rs.20,000/ without the companysent of the appellant.
The appellant has companye up to this Court in appeal against the judgment of the High Court.
20,000/ allowed to Sankaran the appellant would give a letter of guarantee to the Bank.
20,000/ 1 will assume, by Sankaran and the letter of guarantee was accepted by the Bank.
19 of 1956 T .
CIVIL APPELLATE JURISDICTION Civil Appeal No.
N. Subramania lyer, R. Mahalingier and M.R. Krishna Pillai, for the appellant.
A. Seyid Muhammed for the respondent.
The suit against the appellant was based on a letter of guarantee dated May 24, 1947.
131 of 1961.
September The judgment of the Court was delivered by KAPUR, J. It is number necessary for me to give the facts of this case as they are set out in detail in the judgments of my learned brethern Sarkar Hidayatullah, JJ.
The Bank required a guarantee in the form which was handed over to the principal debtor, Shankaran.
The appellant agreed to stand surety for an overdraft allowed by the respondent Bank to the principal debtor, Shankaran.
