Legal Question in Banking Law in
bank manager misuse of his pwer for realse my third party gurnater without my consent at bank
Asked on 8/12/10, 5:58 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
You cannot find fault with the Manager of the Bank for releasing a third party guarantor for you. No consent for such action from you is necessary. However, if he has by such act diluted the security for the loan granted to you, he will face action for misconduct from his controlling authority.
Answered on 8/12/10, 11:11 am
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