Legal Question in Banking Law in India

if a wife is co obligent to husband and if they are legally seperated after the loan transaction , what will happen to the co oligation


Asked on 2/18/14, 10:41 pm

2 Answers from Attorneys

J. Radhakrishnan independent Practice

Divorce won't relieve the wife from her co-obligant liability to the bank.

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Answered on 2/18/14, 11:36 pm
Fca Prashant Chavan Expert Edge LLP

19.02.2014

Dear Sir / Madam,

Although legally separated, both husband and wife still remain jointly and severally liable to settle the loan.

Regards,

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Answered on 2/19/14, 12:51 am


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