1 IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL CIVIL CIVIL APPELLATE JURISDICTION APPELLATE JURISDICTION APPELLATE JURISDICTION WRIT WRIT WRIT PETITION NO. 8249 OF 2006 PETITION NO. 8249 OF 2006 PETITION NO. 8249 OF 2006 Aba Kashinath Zagde & ors. : Petitioners versus Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Ltd. : Respondents. Ms.Wisha Quadry i/by M.B.Gawade for the petitioners Mr.N.V.Bandiwadekar for Respondent Nos.1 and 3. Mr.S.R.Nargolkar, AGP, for Respondent No.2. CORAM CORAM CORAM : S.B.MHASE & S.S.SHINDE, JJ. : S.B.MHASE & S.S.SHINDE, JJ. : S.B.MHASE & S.S.SHINDE, JJ. DATED DATED DATED : APRIL 08, 2008. : APRIL 08, 2008. : APRIL 08, 2008. P.C. P.C. P.C. 1. Heard. The petitioners are the guarantors and they are under obligation to see that the main loanee 2 should make a payment of the respondents. Since being the guarantors, if there is failure of payment by the main loanee, the guarantors are bound to pay. It is a joint and several liability. We, therefore, refrain to entertain the petition. The petition is accordingly rejected. Interim relief stands vacated. [S.S.SHINDE, [S.S.SHINDE, [S.S.SHINDE, J] J] J] [S.B.MHASE, [S.B.MHASE, [S.B.MHASE, J] J] J]