Legal Question in Credit and Debt Law in India

Can a General power of attorney holder make the person who has given the P.A.stand as a guarantor for loans taken by himself


Asked on 7/19/12, 12:00 am

1 Answer from Attorneys
Sunil Goel S.G. SOLICITORS

I understand your question to be as under : A gives POA to B. B wants to take loan and he makes A as guarantor for the loan. Firstly, the contents of the PoA will have to be seen as to whether A authorised B to stand as guarantor on behalf of A. Secondly, a person can not be the borrower and the guarantor at the same time. You may have to be more specific with the facts to find out exact answer.

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Answered on 7/19/12, 1:29 am


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