principal debtor meaning in Hindi

Examples

1. The principal debtor and the co-person are jointly and severally liable toward the creditor.
2. The writ was available for a creditor against a surety on the default of the principal debtor.
3. The reorganized property reopened in 2010 as Moonlight Basin Ranch LP but remained under bankruptcy protection while proceedings continued in Montana Bankruptcy Court with principal debtor Lehman Brothers Holdings.
4. If the deposit was made by the principal debtor, it could rely upon contractual rights of set-off or combining accounts or rules of bankruptcy set-off under provisions such as rule 4.90.
5. It has never been actually decided in England whether this rule holds good in cases where the principal debtor is a minor and on that account is not liable to the creditor.
6. Most continuing guarantees are either ordinary business securities for advances made or goods supplied to the principal debtor or else bonds for the good behavior of persons in public or private offices or employment.
7. The rights of the surety against the creditor are in England exercisable even by one who in the first instance was a principal debtor, but has since become a surety, by arrangement with his creditor.
8. As regards the surety's rights against the principal debtor, where the guarantee was made with the debtors consent but not otherwise, after he has made default, be compelled by the surety to exonerate him from liability by payment of the guaranteed debt.
9. The proposed acquisition is to partially discharge or in settlement of outstanding amounts due to MBfLSB under the lease accounts by the principal debtors, namely Sri Hartamas Builders Sdn Bhd and Sri Hartames Contractors Sdn Bhd which are both subsidiaries of MBfL.
10. The person to whom the guarantee is given is the creditor or the " obligee "; while the person whose payment or performance is secured thereby is termed " the obligor ", " the principal debtor ", or simply " the principal ".