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The debtor took loan in 2017, and didn't pay the full amount, now the Apillion Finance is seeking th


10-Apr-2023 (In Recovery Law)
The debtor took loan in 2017, and didn't pay the full amount, now the Apillion Finance is seeking the full principal amount from guarantor. They have sent a summons and asked to be present in court for the same. Guarantor is not in contact with debtor and he is not in India and have no address or phone details for debtor. Only has details of facebook profile for his father and cousin. In any way guarantor can recover the amount which he paid and can any action be taken against the debtor by the finance institution
Answers (1)

Answer #1
771 votes
Well, by being a Guarantor, you did mistake for which you cannot weep now. You have cautiously taken the responsibility upon you to repay the loan of the Debtor. If you can claim and prove also, that, by doing forgery of your's, you were made a Guarantor, then, it is different and you can recover the amount paid by you for Debtor
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