Legal Question in Banking Law in India
in case of bank loan ,if borrower defaults .whose property will be auctioned first borrower or guarantor?
Asked on 7/02/10, 1:34 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
it depends upon which property can fetch a good price comparatively and easy marketability
Answered on 7/04/10, 8:44 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
It will be sole discretion of the bank / F.I. concerned.
Answered on 7/04/10, 9:39 am
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