Legal Question in Securities Law in India
Hi Can any one advise me in scenario, a person 'A' stood as guarantor for a borrower "B" and " A" mortgage his property to bank . Now the borrower "B"is failed to repay the loan to bank , both A and B got notices from bank to rapay the amount , Guarantor has cleared the total loan now, is the guarantor has right to recover the same from borrower "B" if Yes How ??
Asked on 12/24/12, 12:21 am
1 Answer from Attorneys
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