Once the decree holder had initiated the E.P. against the principal-debtor it is not open to him to simultaneously proceed against the guarantors - the discharge by one would ensure to the benefit of all.

 K.S.R. Murthy v. S.R. Chit Funds Pvt. Ltd. and Anr.,

 2001 (3) LS 453

2002 Suppl. (1) ALD 215

2001 SCC Online AP 1306

and had contended that when once the decree holder had initiated the E.P. against the principal-debtor it is not open to him to simultaneously proceed against the guarantors also