Patel & 2 Others v National & Grindlays Bank Limited (Civil Appeal 33 of 1969)
Observed later treatment
No later-treatment classification is recorded for this judgment.
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
The Court of Appeal held that a creditor may not, without the guarantor's consent, so alter the course of dealings with the debtor as to create a debt arising from a different course of dealings from that guaranteed. By closing the old overdraft account and opening a new, separately guaranteed account, the bank discharged the appellants from liability. The wide clauses in the guarantees did not authorise this, and no implied agreement to consent could be found where it was never pleaded. As to the second appellant, whose guarantee fell under the Indian Contract Act, section 133 was construed not to preserve liability, so he too was discharged. The appeal was allowed and the suit dismissed.
Outcome
Appeal allowed; High Court judgment set aside and suit dismissed with costs
Facts
The appellants, by different guarantees with different maxima signed on different dates, guaranteed repayment of sums advanced by the bank to a debtor carrying on a coffee hulling business. The advances were made by way of an overdraft account. Most guarantees contained a clause entitling the bank to open a fresh account when the guarantee ceased to be continuing, which would occur on the guarantors giving one month's notice. The bank held a debenture over the debtor's assets. On or about 29 June 1964 the bank, without the guarantors' notice or consent, closed the debtor's account maintained under the guarantees and opened a new account guaranteed by a separate guarantor, into which future amounts were credited. Six months later the bank appointed a receiver under the debenture and credited sums received only to the new account, reducing that account while obscuring the debtor's total indebtedness. The bank then sued the appellants for sums allegedly owing under their guarantees as at 10 April 1965.
Issues
- Whether the appellants were discharged from liability under their guarantees by reason of the bank closing the old account and opening a new account without their consent.
- Whether the appellants consented, in the guarantees or by a separate implied agreement, to the bank's action of opening a new account.
- Whether the second appellant's liability, governed by the Indian Contract Act, was discharged by the variance under section 133.
Orders
- Appeal allowed.
- Judgment and decree of the High Court set aside.
- Judgment and decree substituted dismissing the suit with costs.
- Costs of the appeal to the appellants, with a certificate for two advocates.
Rules and key headnotes
Legislation cited (4)
- Indian Contract Act s.133
- Indian Contract Act s.134
- Indian Contract Act s.135
- Indian Contract Act s.139
Cases cited (3)
- Harilal vs. Standard Bank Ltd. (1967) E.A. 512
- Nurdin v. Lombank (1963) E.A. 304 at p.315
- Moholalbhai v. Setalwad (1934) 62 I.A. 23
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.