Legal Question in Civil Litigation in India
Can any one furnish me the supreme court decision details on the liability of guarantor when borrower only acknowledges debt
Asked on 5/24/12, 7:20 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
24.05.2012
Dear Sir / Madam,
The lender has recourse to the Guarantor(s) in the event the Borrower acknowledges debt, but fails to repay it.
The liability of the Guarantor largely depends on the terms and conditions stated in the Loan Agreement.
You can mail me for any further on-line advice at [email protected]
Regards,
Answered on 5/24/12, 7:31 am
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