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MUHAMMAD AFZAL versus NIAZ AHMAD

Banking Companies (Recovery of Loans) Ordinance 1979 Section 6, 6A & 7 Contract Act (IX of 1872), Section 130 suits the responsibility of the claimant / guarantor of collateral for the collection of debt, in any case, as a guarantor Did not deny his responsibilities. But it was only reported to the plaintiff bank that he had resigned from the directorship of the defendant / borrower company and denied his responsibilities in that capacity only. The responsibility of a director as a guarantor claimant / guarantor is, in the circumstances, did not negate his obligations. As a guarantee so as to attract the beginning of the limitation of filing a lawsuit for the recovery of the debt, the execution of the obligation under the Guarantee shall commence from the date of the termination of the Guarantee under Section 130 of the Contract Act 1872 or Failure to pay the demand notice on the failure to pay will result in the denial of liability by any guarantor, there is no guarantee that the guarantor has to take a step further for the guarantor party. Failure to pay dues or failure to pay will be the reason only if the demand note before the demand notice In the absence of payment, neither payment nor failure to respond will the defendant's guarantor's personal guaranteed debt recovery, in the circumstances, do not begin when the plaintiff guarantees the directorship of the plaintiff / borrower company. If the resignation was made, then the suit period for the recovery of the loan will start from the date of demand and such filing must be filed. The suit, filed by the plaintiff bank, was not barred and the defendant guaranteed pakistani advocates Swabi lawyer