Scope for 101 mcs certificate appeal

Querist : Anonymous (Querist) 14 April 2017 This query is : Resolved
Sir we have been guarantor on loan for 48 lac bank has given subsequent loan of 55 lac and 118 lac while first loan(48) has been not clear bank has sanction 2 further loan with the help of borrower bank got 101 certificate under MCS act for third loan(118lac) with dummy signature of guarantor , we have been file cast in co-opertive court for first(48) and second loan(55) we have fille petition for third loan(118) in high court , but our lawyer has said we don't have any scope in high court since it is a matter of decree , now the bank harassing both the guarantor , please guide what will be best for us.( Note bank dont execute mortgage deed in the loan its only on promersiry note)

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ADV-JEEVAN PATIL, MUMBAI (Expert) 15 April 2017
Your liability is restricted to first loan.you write to the bank that you have not given any guarantee in writing for second n third loan. Make police complaint if forgery. Write to Registrar or represent yr case with lawyer