STATE BANK OF INDIA vs M/S. INDEXPORT .

The Supreme Court held that under Section 128 of the Contract Act, 1872, a decree-holder has the right to execute a money decree against a guarantor without first proceeding against the mortgaged property. The Court clarified that the decree is a composite decree, allowing simultaneous execution against all defendants, including the guarantor, and does not require the execution of the mortgage decree to be prioritized. The appeal by the decree-holder was allowed, affirming the right to choose the execution method without legal fetters.