×

queswhat is the liability of guarantor in corporate loan

Is there a criminal offence on the part of the guarantor if he/she is not able to repay a default on a corporate loan?

  • ansYes, the property of the guarantor can be legally attached to recover the pending dues. Recovery proceeding might be initiated for recovering the pending amount with interest. The original terms and conditions of the document signed would be required to referred to for seeking resolution or the procedures that specifies recovery of defaulter loan.

  • Send a legal notice for recovery of dues @ Rs. 1999/- only


    Know More
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Recovery lawyers in India

Similar questions

Hi, one of my ex colleagues transferred approximately 2 Lac Rupees as gift over a…
I have given a person 50000 rupees to help him in other words on rent…

I tolad a loan 20 16 lakhs and i am paying interest Rs.20,884/-P.M,Due to some…

Have sal account in Kotak bank and I took a personal loan of RS 16…

Recovery Lawyers in India

Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Prabhjit Jauhar

  Connaught Place
 Experience: 20 years


Advocate Jaspreet Singh Rai

  Greater Kailash 1
 Experience: 14 years


Advocate Harish Malhotra

  District Court
 Experience: 19 years


View all >>

Quick Consult

Get 15 Minutes of Expert Legal Advice on Phone right now

Ask a Free Question

Post a Question online and get free advice from multiple lawyers by email

Find a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly