Legal Question in Banking Law in India

for a proprietorship firm Bank is asking a mortgage of properties of a guarantor for cash credit facility.Is it necessary?


Asked on 2/13/13, 7:27 am

3 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

NO.............Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 2/13/13, 11:13 pm
Jayesh Desai Jayesh Desai

This is not a legal issue, it is a commercial issue; bank has to decide in its commercial wisdom, where it needs a security and where it does not need; and what security it needs.

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Answered on 2/14/13, 12:34 am


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