Personal Guarantee

Asked in Property

  • *******k

    Mumbau

Expert's Answers(2)

  • Advocate Satej C More

    Mumbai, Maharashtra
      17 Client Ratings

    Dear Client, The company is first responsible . In case of default from the company then only your friend will be liable for any liability. As stetted its a company its legal process of defaulter of the company. first. In case of any further advice please connect with me.

    October 20, 2020
  • Advocate J L Naagar

    Jalandhar, Punjab
      169 Client Ratings

    Your friend has committed a double fault. Standing guarantee for the Institution is not considered to be very safe and the guarantor will be roped in for recovery. The second fault your friend has committed is that he stood guarantee for the land of Which he not the Owner is a Criminal Offence and the Bank may get an FIR registered against him and he may have to face the serious consequences. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

    October 19, 2020