Legal Question in Banking Law in India
I had given a guarantee for OD limit and for loan account of my brother but now i want to take my guarantee back. Is there any provision to take the guarantee back from bank.
Asked on 11/28/14, 10:55 pm
2 Answers from Attorneys
Only when either bank agrees or enhances the OD limit than sanctioned one and signs another documents with borrower.
Answered on 11/29/14, 12:32 am
Fca Prashant Chavan
Expert Edge LLP
29.11.2014
Dear Sir / Madam,
Your brother as the original borrower has to provide a new guarantor in your place to the Bank.
Regards,
Answered on 11/29/14, 3:08 am
Related Questions & Answers
-
Hi sir, Will banks approve educational loans to study abroad against patta land? If... Asked 11/28/14, 11:13 am in India Banking Law
-
My grandmother's Father partitioned the property for six members 40 years ago and at... Asked 11/28/14, 7:20 am in India Banking Law
-
I have bearer cheque in my name of indian bank , is it possible to encash it from... Asked 11/27/14, 8:43 am in India Banking Law
-
Is it possible for someone to go ahead with legal proceedings against me without... Asked 11/26/14, 11:37 pm in India Banking Law
-
Hi, I have a patta land(not registered) in khammam, Telangana. Can I get educational... Asked 11/26/14, 8:00 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
