Legal Question in Banking Law in India
Dear Sir, A person has taken a Consumer loan before 20 year of Rs.15000.00 from District Co-operative Bank Ltd. & my father & other one is the guarantor. now the lonee & both guarantor has been died. In that case what will be the liabilities of guarantor families while lonee person & their family is not found.
Plz get me ride of this case with nice solution.
Asked on 12/09/13, 11:27 pm
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If u have some assets of your father particularly immovable property, the Bank will proceed against the same.
Answered on 12/10/13, 12:14 am
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