Legal Question in Banking Law in India
Hi. What is the guarantor's liability in a defualter case where the principal borrower clearly has assets to pay off but is not doing so?
Asked on 5/21/10, 2:39 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
If money is recovered from the guarantor, he may recover the same from the principal borrower by filing a separate suit.
Answered on 5/21/10, 4:04 am
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