Legal Question in Bankruptcy in India

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.

Asked on 9/09/13, 2:07 am

1 Answer from Attorneys

KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi

if you are a guarantor, you are liable to pay the loan in case the borrower defaults.

Thanks and Regards

Adv. Rajiv

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Answered on 9/09/13, 8:27 am

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