Legal Question in Banking Law in India
liability of guarantor in the event of creditor was malafide or negligent in loosing secutirties despite given waiver for the befefit of discharge
Asked on 8/27/11, 11:07 pm
3 Answers from Attorneys
Prof.Somnath Mukherjee
s.mukherjee associates,09874053359
what is your query
Answered on 8/28/11, 4:49 am
Sanjay Kalra
Sanjay Kalra & Associates
Liability of a Guarantor is equal to the actual debtor who had taken the loan.
Answered on 8/28/11, 11:46 pm
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
guarantor is guarantee once the actual debt holder fails to pay......
so the liability of guarantor is to pay....
Answered on 8/29/11, 12:01 am
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