ln consideration of the Appljcant bank agreeing to grant the said loan, the Defendants No.2, 3 and 4 had executed a Letter of Continuing Guarantee dated 04.03.2013 in favour of rhe Appricant bank on the lerms and conditions contained herein, By the said agreement, the Oefendants No.2,3 and 4 had, inter_atia, guaranteed the due repayment to the applicant bank at any branch of applicant bank on demand and without demur, protest and/or contestation in any manner whatsoever and notwithstanding any dispute between applicanl and defendants of all the amounts including the principar sum towards the said facirities and indebtedness due and payable by the Defendant No.1 firm to the applicant undsr the facility either jointly or severally or any part thereof for the time being outstanding under the facility granted/agreed to be granted by the applicant and all interest, commission, costs, charges and expenses and all other monies whatsoever due owing and payable by the defendants to the applicant lhereunder, in the event of failure to rcpay andtot discharging of liabillty. The said guarantee is a continuing guarantee.
