{"id":5829,"date":"2026-05-18T10:19:20","date_gmt":"2026-05-18T10:19:20","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5829"},"modified":"2026-05-18T10:19:24","modified_gmt":"2026-05-18T10:19:24","slug":"misc-sc-judgement-dated-27-02-2026-guarantor-held-liable-for-original-loan-not-subsequent-unauthorised-overdrawals","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/05\/18\/misc-sc-judgement-dated-27-02-2026-guarantor-held-liable-for-original-loan-not-subsequent-unauthorised-overdrawals\/","title":{"rendered":"Misc, SC Judgement Dated 27\/02\/2026 &#8211; Guarantor held Liable for Original Loan, not subsequent unauthorised Overdrawals"},"content":{"rendered":"\n<p>\u00a0<em>Case of Bhagyalaxmi Cooperative Bank Ltd Vs Babaldas Amtharam Patel (D) through Legal Representatives,\u00a0SC\u00a0\u00a0Judgement Dated 27<sup>th<\/sup>\u00a0February 2026.<\/em>\u00a0The apex court\u00a0has held that permitting a borrower to withdraw amounts beyond the sanctioned loan limit without the consent of the surety results in only a partial discharge of the guarantor.\u00a0The court held that the guarantors are liable only to the extent of the amount originally sanctioned along with applicable interest. They are not liable for the excess amounts withdrawn beyond the sanctioned limit.<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1f1vbPYNHj4pl7afzecIBf38T8eqlySAq\/view?usp=sharing\"><em>(Link: SC Judgement Dated 27\/02\/2026)<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Case of Bhagyalaxmi Cooperative Bank Ltd Vs Babaldas Amtharam Patel (D) through Legal Representatives,\u00a0SC\u00a0\u00a0Judgement Dated 27th\u00a0February 2026.\u00a0The apex court\u00a0has held [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[78,97],"tags":[],"class_list":["post-5829","post","type-post","status-publish","format-standard","hentry","category-misc","category-misc-judiciary"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Misc, SC Judgement Dated 27\/02\/2026 - Guarantor held Liable for Original Loan, not subsequent unauthorised Overdrawals - Bhatia Bhola &amp; 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