Hareesh Kumar v. Federal Bank
Case brief
What is this about?
Guarantor sought direction to bank to proceed against principal debtor's property first. Court held guarantor liability is co-extensive and dismissed petition.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT:
THE HONOURABLE MR. JUSTICE A.K.JAYASANKARAN NAMBIAR
TUESDAY, THE 10TH DAY OF OCTOBER 2017/18TH ASWINA, 1939
WP(C).No. 7141 of 2017 (P)
PETITIONER(S):
HAREESH KUMAR V., S/O. SUBRAHMANNIAN (LATE), AGED 46 YEARS, VADAKKAYIIL HOUSE, NECHIKUNDU, MANJERI, MALAPPURAM DISTRICT.
BY ADV. SRI.R.RANJITH (MANJERI).
RESPONDENT(S):
FEDERAL BANK, REPRESENTED BY ITS CHIEF MANAGER (AUTHORISED OFFICER), MANJERI BRANCH, 1ST FLOOR, KORAMBAYIL CORPORATE MALL, CENTRAL JUNCTION, MANJERI, MALAPPURAM DISTRICT, PIN-676 121.
BY ADVS. SRI.K.MADHUSOODANAN, SC. SRI.T.G.PAUL, SRI.MATHEW JACOB (KUNNATHU), SRI.SYRIAC JOSEPH.
Issues for consideration
1 issue framed by the court
Whether the creditor institution can be compelled to proceed against the properties of the principal debtor first before proceeding against the properties of the guarantor.
Parties & counsel
- petitioner
HAREESH KUMAR V.
- respondent
FEDERAL BANK
Coram
A.K.JAYASANKARAN NAMBIAR
Case details
As recorded by the court registry
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