Legal Question in Credit and Debt Law in India

If the principal borrower is alive and the Guarantor dies can the borrower force tje heir of the guarantor to pay the loan


Asked on 7/23/13, 12:44 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

23.07.2013

Dear Sir / Madam,

The principal borrower is primarily liable to pay the loan and not the guarantor. In no way can the principal borrower compel the guarantor's heirs to pay the loan.

Regards,

Read more
Answered on 7/23/13, 1:41 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India