A borrower purchased a car after getting loan from a nationalized bank, and he pleased the bank manager and very cleverly be fooled me by making me Guarantor for the same. Now he is not paying the installments intentionally. I am feeling helpless.
1 Answer from Attorneys
if you are a guarantor, you are liable to pay the loan in case the borrower defaults.
Thanks and Regards
Related Questions & Answers
HI, I am an employee of US based company it has closed it's operation in India and... Asked 9/03/13, 10:38 pm in India Bankruptcy Law
Sir, I availed a personal loan of 250000, and I was out of my job a few months after... Asked 8/26/13, 10:32 pm in India Bankruptcy Law
What will be the registration charges of will ? if proprietor register its office... Asked 8/11/13, 9:53 pm in India Bankruptcy Law
I have zero income in todays date with many personal loans on head. my house is... Asked 7/22/13, 12:19 pm in India Bankruptcy Law
If i file an insolvency petition, do my wife n childrens property also go to the... Asked 7/11/13, 8:12 am in India Bankruptcy Law