Tag: Subramania Aiyar v. Gopala Aiyar And Ors.

Law Notes, WRITE-UPS

Discharge of Surety (Sec.133)

Section 133 of ICA explains discharge of surety by variance. Any variance, made without the surety’s consent, in the terms of the contract between the principal 1[debtor] and the creditor, discharges the surety as to transactions subsequent to the variance.