Bhagyalaxmi Co-Operative Bank Ltd vs Babaldas Amtharam Patel (D) Through ...
Practice Areas
Judges (2)
Case Significance
Bhagyalaxmi Co-Operative Bank Ltd vs Babaldas Amtharam Patel (D) Through ... is a Supreme Court of India decision dated February 27, 2026 (citation: insc-2026-205). Civil appeal concerning surety liability under the Indian Contract Act where the principal borrower exceeded the sanctioned credit limit without informing the guarantors. The Supreme Court held the sureties liable only for the original sanctioned amount of Rs.4 lakhs under Section 133, as the variance in terms was made without their consent. The bench comprised Justices B.V. Nagarathna and Ujjal Bhuyan. The judgment was delivered by Justice B.V. Nagarathna.
This case has been cited by 1 subsequent judgment. The judgment references 9 case citations.
Summary
Civil appeal concerning surety liability under the Indian Contract Act where the principal borrower exceeded the sanctioned credit limit without informing the guarantors. The Supreme Court held the sureties liable only for the original sanctioned amount of Rs.4 lakhs under Section 133, as the variance in terms was made without their consent.
What was the outcome of Bhagyalaxmi Co-Operative Bank Ltd vs Babaldas Amtharam Patel (D) Through ...?
Civil appeal concerning surety liability under the Indian Contract Act where the principal borrower exceeded the sanctioned credit limit without informing the guarantors. The Supreme Court held the su...
Statutes Cited
Cases Cited (9)
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2026-205)