Legal Question in Banking Law in India

Dear Sir, A person has taken a Consumer loan before 20 year of Rs.15000.00 from Co-operative Society & 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, 11:23 pm

1 Answer from Attorneys
S. Kumar (Advocate)

Yes, you have liability.

The Law is the indispensable tool provided by the government of India to the peoples of this nation, thus, you have fundamental and legal rights, nobody or any government or non-government institution or body can deprive you of your rights. But the law will not support you unless you will not reach at the appropriate form.

The laws are for the benefits of the people in this nation, to save the people from any discrepancies, so don�t avoid the law, give your assent and contribution into the law, the law will give you please.

For any of your problems (on any legal issues whatever on the subject related to and general causes), query, clarification, and to get services (consulting, litigation, and documentation) all over the nation or abroad at your door step, contact with:

S. Kumar

(A High Court Lawyer)

Email Id: [email protected]

Mobile No.: 8002842879

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Answered on 12/10/13, 6:13 am


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