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Rule 157. Recovery from surety

Chapter XVIII

DEMANDS AND RECOVERY

157. Recovery from surety.-

Where any person has become surety for the amount due by the defaulter, he may be proceeded against under this Chapter as if he were the defaulter.

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KPAM & ASSOCIATES is a chartered accountants firm based in New Delhi established as a partnership firm under the auspices of The Institute of Chartered Accountants of India. Headquartered in New Delhi the firm is established and working with the aim of serving its clients in the field of audit and assurance services.

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Rule 157. Recovery from surety

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