Legal Question in Banking Law in India
If borrower in vehicle loan was under age 18, he defaults, what responsibility is of guarantor, guarantor has no any relation with borrower. even he does not know borrower. ashok leyland finance done fraud in agreement. what should done by guarantor ?
Asked on 6/10/13, 6:35 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
10.06.2013
Dear Sir / Madam,
It is likely that the borrower must have forged the signature of the guarantor. The guarantor will have to defend his case in the court if his signature was forged on the loan application.
Regards,
Answered on 6/10/13, 6:38 am
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