(Querist) 06 November 2017
This query is : Resolved
An existing borrower who avail cash credit facility . He request bank to issue bank guarantee to a tractor company. Later Bank issued bank guarantee to the tractor company. Now can Bank withdrawal Bank Gaurantee within claim period?
(Expert) 06 November 2017
Bank canot withdraw bank guarantee before expiry of claim period.Click the following link for furthe information on this issue. https://www.bankingschool.co.in/loans-and-advances/all-about-time-limit-for-enforcement-of-bank-guarantees/