Legal Question in Credit and Debt Law in India

If borrower is dead, his credit society outstanding wheter loan liability will be distributed with two gaurantor's or one of them has to pay ?


Asked on 9/03/10, 11:01 pm

2 Answers from Attorneys
Vishwa Arya Arya & Co.

depends upon how many guarantor at the time of distribution of loan.

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Answered on 9/04/10, 10:01 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

it will be distributed amongst the guarantors.

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Answered on 9/06/10, 4:35 am


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