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