madhu mittal (director) 08 December 2011
order 37 cpc rule 1(2)(b)(iii). It is written (iii) on a guarantee, where the claim against the principal is in respect of a debt or liquidated demand only.
Here I want to know whether "the principal" here means "principal debtor" or "principal amount"
J.Balachandran (Self) 09 December 2011
Dear Mittal,
"the principal" here means "principal amount"
madhu mittal (director) 10 December 2011
Respected sir J. balachandran ji,
Someone told me that here principal means "principal debtor". please reconsider and answer again please.
N.K.Assumi (Advocate) 16 February 2012
The expression "claim against the principal is in respect of a debt or liquidated demand only" clearly shows that it is the principal debtor.
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