Author: Umang Binayakia

I am a penultimate year law student at National Law University Odisha, with a background in commerce (B.Com. Hons.) and having attempted the CA Intermediate examination. My academic trajectory reflects a strong foundation in law, finance, and accounting, equipping me with interdisciplinary insights into corporate, banking, and financial laws.

From Ambiguity to Assurance: Reforming India’s Law on Continuing Guarantee

Contract Laws By 0

Introduction In the vibrant tapestry of Indian commerce, where trust fuels economic exchange, the continuing guarantee stands as a silent champion. It is a promise given by a surety in Section 129 of the Indian Contract Act, 1872, to shoulder an unbroken sequence of commercial dealings between a debtor and a trader over a period and is quite different to a particular guarantee that covers only one obligation. To illustrate, imagine a small company owner assuring her firm in the continued purchases by a supplier; the business owner ends up in added obligations in unpredictable debts in the event that…

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