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Case Name : Suman Srivastava Vs Union Bank of India & Ors (Delhi High Court)
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Suman Srivastava Vs Union Bank of India & Ors (Delhi High Court) Delhi High Court held that liability of deceased guarantor to repay debt shall fall upon legal representative. Hence, petitioner being legal representative of deceased guarantor is liable to make pre-deposits as envisaged in section 21 of the Recovery and Debts and Bankruptcy Act, 1993 [RDB Act]. Facts- The Petitioner has invoked the Writ jurisdiction of this Court under Article 226 and 227 of the Constitution of India against the observations and directions passed by the Debt Recovery Appellate Tribunal (DRAT) vide judgment ...
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