Supreme Court Rules Banks Can Sue Guarantors Directly Without Penalizing Principal Debtor First
In a landmark judgment reinforcing the strict legal obligations of financial guarantors, the Supreme Court of Sri Lanka has ruled that a bank is legally entitled to initiate legal action directly against a guarantor without first proceeding against the principal debtor, provided the guarantor has...
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Supreme Court Rules Banks Can Sue Guarantors Directly Without Penalizing Principal Debtor First
In a landmark judgment reinforcing the strict legal obligations of financial guarantors, the Supreme Court of Sri Lanka has ruled that a bank is legally entitled to initiate legal action directly against a guarantor without first proceeding against the principal...
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