Unilateral Modifications and Surety Discharge: A Critical Look at Bhagyalaxmi Co-operative Bank Ltd. v. Babaldas Amtharam Patel
Introduction Guarantees in loan agreements ensure third-party liability if a borrower defaults. However, unilateral modifications to the original contract can jeopardize this obligation. The case of Bhagyalaxmi Co-operative Bank Ltd. v. Babaldas Amtharam Patel illustrates…

