Legal Question in Banking Law in India
Govt employee X applied loan and Y signed surety. X got transferred and join another office not repay the loan. After 6 month the bank blocked Y 's salary and cut the repayment amount with interest. Now also issuing court notice. Why the bank not taking any serious action and arrest warrant to the X. They take all this action to the Y. X is a govt servant not illiterate, having many retirement benefits also. Is possible through his office taking further serious action to x. How to relieve safely from this matter. Kindly provide you opinion. Thanks
Soundarrajan
1 Answer from Attorneys
Bank can claim the loan amount from either of the party but Y can claim the same from X by filing a suit for recovery against the X.. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
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