Edition: 9th Edition
Publisher: Lexis Nexis – Universal
This book is a treatise on the subject of guarantees and indemnity. The book also comprises of forms of bonds and guarantees, making it extremely user friendly and brings out the practical aspect of the subjects dealt in the book.
The book retains its comprehensive analysis on core subjects such as the contract of indemnity, contract of guarantee, surety’s liability, laws relating to continuing guarantee, joint suretyship, discharge of surety and landmark judgements on guarantees given by different High Courts and the Hon’ble Supreme Court of India. The heart of the book lies in the chapter containing golden guidelines on guarantees.
In addition to the above and keeping in view evolving legislations, this revised edition includes chapters on the subject of guarantee and indemnity in the light of:
- Blockchain technology;
- the Insolvency and Bankruptcy Code; and
The manner in which blockchain is positioned to impact the process of issuance and processing of documentary letters of credit is covered in detail in this latest edition along with real-life case studies to mandate the importance of this amalgamation. The latest amendments to the Insolvency and Bankruptcy Code and FEMA, with the aim of bolstering a new age India, are going to inevitably change the way instruments of guarantees are viewed by the key stakeholders.
This book is a marquee consolidation of the significant laws and judicial precedents governing the issuance and enforcement of guarantees in India.