Legal Question in Banking Law in
hi can a bank kept charge on guaranto's property without his consent & without taking any legal action against borrower
Asked on 9/20/10, 3:54 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
It is settled position that bank must exercise all remedies against the borrower first before touching or running after the guarantor.
Answered on 9/20/10, 8:23 am
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