Legal Question in Banking Law in India
Whether the Guarantor is still liable when certain material facts were concealed by the Bank from the Guarantor at the time of sanctioning enhanced credit facility to the borrowers
Asked on 10/17/10, 7:39 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
You have not said what material are the facts. Bank is not responsible for disclosing everything for the guarantor. It is for the guarantor to get the required information before signing the guarantee. question is too vague for a precise answer.
Answered on 10/17/10, 8:19 pm
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