Legal Question in Banking Law in India
Once I gave a personal guarantee to our Company for securing the cc Limits from a Bank. we mortgaged some land. the company defaulted and could not repay. the bank took the DRT route and attached my other property bought after I left the company. How can I escape from surrendering this last and only property I have.
Asked on 4/17/11, 7:06 am
2 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
Your liability stands as guarantor to the bank, Please answer these questions to guide you properly .Who were you in the company ?When did you leave the company ? What is the case against you before the DRT ? have you filed your WS ? If yes, then what is your defence in the WS.
Answered on 4/17/11, 7:34 am
Bennet Master of Law
Bennet Raj Law Office
File Sarfacei Appeal, pay the debts and recover the property
Answered on 4/17/11, 7:52 am
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