Legal Question in Civil Rights Law in India
My daughter availed an education loan from a nationalized bank in 2005. I am a bank pensioner of the same bank. The loan went bad and the bank filed a suit against my daughter and myself being guarantor of the loan. Now the bank recovered a good sum from my pension account towards the credit of the loan account.
Whether it is in order to attach a recovery on my pension as my pension is needed for existence and to meet any contingencies.
Asked on 2/24/14, 4:11 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
24.02.2014
Dear Sir / Madam,
Yes, being the guarantor, you are obviously liable for repayment of the educational loan availed by your daughter.
Regards,
Answered on 2/24/14, 6:45 am
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