Read the full judgment text of HCA 4939/1983 on BabelCite. This High Court CFI judgment.
1. On the 5th June 1978 the two defendants to the present action together with two further guarantors, all apparently being members of the same family, guaranteed the indebtedness of Messers Sadhwanis and Sadhwanis Japan Ltd. to the Bank of India, Osaka Branch, in Japan. The terms of the guarantee allowed the Bank of India a very wide discretion in releasing debtors or co-guarantors and in relation to the continued liability of one or more of the guarantors.
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