Legal Question in Banking Law in India

A loan repayable in 36 monthly instalments by post dated cheques were given to borrower �B� on 01-04-2011 on the basis of guarantee of �G� given on same day. Now cheques of �B� is being dishonoured. Now Creditor �C� wants to invoke guarantee of G. And C wants to invoke Guarantee regarding only dishonoured cheques i.e. overdue amount, and not of whole amount due on today. Whether it is possible and if yes/no, Whether in spite of invoking guarantee, C is entitled to get encashed the remaining post dated cheques of B on their due dates.


Asked on 9/13/11, 1:41 am

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

instead of pseudonyms cite the real problems.

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Answered on 9/13/11, 3:42 am


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