Legal Question in Banking Law in India

sarfesi act2002

as i am the gurantor in the cash credit limit given by the bank of rs.2.5 lakh.by the times the borrower also issued a vehicle loan from the said bankon the same property mortagaged.now he has refused to pay the said amount of cc limit but has submitted the vehicle loan.the stock is also hypothicated but bank has done nothing.now the said person has transfered the shop to its brother's name and still businessing.what can we do now?


Asked on 4/12/09, 2:35 pm

3 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: sarfesi act2002

You may write to the borrower and the Bank for withdrawal of your guarantee.

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Answered on 4/14/09, 11:09 pm
Pranav Desai PD Legal & Associates

Re: sarfesi act2002

Withdraw your guarantee

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Answered on 4/15/09, 5:14 am
Fahri Toga TOGA//OKSUZ

Re: sarfesi act2002

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.

Contact ;

Address : WORLD TRADE CENTER,B1 BLOCK,15th FLOOR, YEŞİLK�Y/İSTANBUL,TURKEY

Phone : +90 212 465 65 42

Fax : +90 212 465 70 08

Web : www.wlfenternasyonel.com

e-mail : [email protected]

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Answered on 4/16/09, 9:47 am


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