Section 3
Subs. by Act 31 of 2016 , s. 255 and the Eleventh Schedule, for section 329 (w.e.f. 15-11-2016).
3. Subs. by Act 31 of 2016 , s. 255 and the Eleventh Schedule, for section 329 (w.e.f. 15-11-2016).
for the purposes of the winding up, and for that purpose, may give leave to bring in the surety or guarantor as a third party as in the case of a suit for the recovery of the sum paid.
(4) The provisions of sub-section (3) shall apply mutatis mutandis in relation to transactions other than payment of money.
Roop's Law Assist