Legal Question in Banking Law in India

I have introduced a person to saving Bank account in name of Janardan Rai, latter on Bank Manager has sanctioned him a loan under housing finance scheme to construct a house by mortgaging the original title deed which was in the name of Janradan Rai. Loan was sanctioned to Janardan Rai and His wife 6 years back. After few years it was found that borrowe name was actually Aspatali Rai and he has deposited his father-in law deed his wife name is real and she is genuine Bank has sent them notice and person has deposited and still depositing money, his address is very well known to the Bank

Please tell me how I am responsible while person has not committed any fraud in Saving Bank accont he immpersonate himself but his wife is real

Bank has not taken any action against him or his wife

Bank regularly taking money from the Bank


Asked on 8/01/09, 7:22 am

1 Answer from Attorneys
KAMAL GROVER

You interduce the person to the bank with fake and forged name and bank relied upon you. Therefore you are equally responsible. Therefore your role is equally in cheating to the bank. but if at the time of loan you are not surety only then your role may be ignored but with efforts only. Mean you may be saved but dont take it lightly and keep an eye on that person.

For More detail, Mail your detail to the undersigned;

Mr. Kamal Grover, Advocate (Chandigarh, India)

M: 09814110005

e-mail: [email protected]

Note: We are group of advocates, experts in different fields of law in Supreme Court, All High Courts and few district courts of India and your case will be handled by our experts in your locality.

Regards and good luck

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Answered on 8/01/09, 7:56 am


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