Legal Question in Banking Law in India
whether the guarrantor is liable without recalling the loan
Asked on 10/24/09, 7:55 am
3 Answers from Attorneys
J. Radhakrishnan
independent Practice
guarantor is always liable. His guarantee has to be invoked by recalling the loan. that is it.
Answered on 10/24/09, 8:01 am
Pravin Vaidya
Independent
It depends upon wording of guarantee documents taken from the borrowerby the lender(Banks etc. )
Answered on 10/24/09, 12:16 pm
Seshadri Srinivasan
www.lawconcern.com
Guarantor may not be liable in certain circumstances.
Answered on 10/24/09, 8:45 pm
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