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Legal procedure for revoking surety against the amount taken
23-Oct-2023 (In Banking / Finance Law)
Hi Sir, I have provided surety for my Sister in law (Father's sister) towards a amount of Rs.10 Lakhs which she has taken from Shriram Finance Ltd. by Mortgaging Land documents(Market value of Property worth Rs. 42 Lakhs) in the month of February 2017. later on i noticed some change in her behavior because of which i would like to revoke the surety provided for her from Shriram Finance Ltd. Please suggest me a solution for the above mentioned problem. Thanks & Regards, .
you can revoke the surety provided to your sister in law towards an amount of Rs.10 lakhs which she has taken from shriram finance ltd by mortgaging the land documents, only if you have a copy of the loan agreement or its terms and conditions copy with you.
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Adv. Neeraj N
Hyderabad | 100+ Answers
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