Robert Dassanayake and Another v. People’S Bank and Another – sllr 1995 volume 2 page 320

In the case between Robert Dassanayake and Another (Plaintiffs) and People’s Bank and Another (Defendants), the court addressed whether the omission of the National Development Bank (NDB), following its alleged takeover of the principal debtor’s liabilities, precluded the 1st Respondent Bank from seeking complete and effectual relief against the petitioners-guarantors. The court held that full relief could be obtained from the petitioners without the addition of the NDB, reaffirming the principle that guarantors remain liable unless expressly released from their obligations. This decision relied on established case law and statutory interpretation, including Section 18 of the Civil Procedure Code, emphasizing that the absence of explicit documentary evidence of release precludes the necess

REF: sllr 1995 volume 2 page 320 Category: Tag:
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