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S. A. HAMEED versus ALLIED BANK OF PAKISTAN LIMITED

Liability for Sections 128 and 146 Guarantor of discharge of liabilities after entering into new bailout, Scope Guarantor resigned from the board of directors of principal indebtedness; The personal director was guaranteed in favor of the former director requesting the cancellation and withdrawal of his personal guarantee, nor did he seek release or confirmation, demanding discharge of any liability. Such a practice of the former director could not simply result in his being excused from personal liability. In their former director circumstances the principal was responsible for paying the amount owed by the principal. online advocate from Gohar Ghoushti lawyer