Legal Question in Banking Law in India

If a guarantor is guarantor for a loan and if borrower takes another loan in the same bank for which he is not guarantor then can the bank force him for its laibility


Asked on 1/06/13, 4:49 am

6 Answers from Attorneys

guarantor is liable only in which he stand as guarantor

Read more
Answered on 1/06/13, 5:41 am
J. Radhakrishnan independent Practice

Guarantor is liable only for the loan for which he provided the guaranty and not for any other loan which he has not guaranteed

Read more
Answered on 1/06/13, 6:50 am
Pravin Vaidya Independent

Guarantor is liable only ifor the debt in which he stands as guarantor

Read more
Answered on 1/06/13, 7:31 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

i agree with my colleagues

Read more
Answered on 1/07/13, 3:23 am
uttam Tibrewal

No bank can not force .....nor the guarantor stands liable ...

Read more
Answered on 1/07/13, 8:27 am


Related Questions & Answers

More Banking Law questions and answers in India