Legal Question in Credit and Debt Law in

if the borrower of the loan has defaulted on his loan,is the bank going to auction the property first and if cannot recover there dues even after auction then takes action against the guarantor or the guarantor is liable to pay anyways


Asked on 2/21/11, 5:26 am

1 Answer from Attorneys
Professor SOMNATH MUKHERJEE MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)

your observation is right

Read more
Answered on 2/21/11, 6:42 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in