Legal Question in Civil Litigation in India

when a principal borrower of a loan from the bank possess immovable property and is well off instead of taking recovery proceedings and other legal action whether the bank take action against the Guarantor.


Asked on 3/23/12, 9:16 am

5 Answers from Attorneys

If borrower not pay then bank can recover from the guarantor

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Answered on 3/23/12, 9:23 am
Sanjay Kalra Sanjay Kalra & Associates

It is Banks choice to file a case against either of them or both.

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Answered on 3/26/12, 12:25 am
Jayesh Desai Jayesh Desai

Yes, bank can do so. It is banks' discretion.

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Answered on 3/27/13, 10:33 pm


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