Legal Question in Banking Law in India

sir one of my2 friends taken loan from bank both partes borrowers and guaranters each. one of my friend paid.70% loan as a guaranter after some time bank and another friend colluded and sale by private treaty vary low price as per engeeners estimation is one crore but bank sale by 40 lakhs onley we would like to know is there any remedy for our first paid 70% ammount

Asked on 6/18/13, 5:16 am

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

18.06.2013

Repeat query ... already answered.

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Answered on 6/18/13, 5:22 am
J. Radhakrishnan independent Practice

If you are a guarantor u can assail the sale in DRT.pl. consult local lawyer and proceed.

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Answered on 6/19/13, 5:09 am


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