securitization Act

Querist : Anonymous (Querist) 11 March 2011 This query is : Resolved
whether the property of Guarantor secured by secured creditor for the liability of borrower? or
whether secured creditor can proceed against guarantor under securitization Act?

Follow Query

Report Abuse

DEFENSE ADVOCATE.-firmaction@g (Expert) 12 March 2011
Yes the lender can go against all the securities.

bhagwat patil (Expert) 12 March 2011
Yes, Secured creditor can proceed against guarantor under securitization Act,but if the property of guarantor is mortgaged then to the extent of the value only lender can proceed,secondly if the amount of loan is increased after guarantee papers signed the guarantee lapses.

Chanchal Nag Chowdhury (Expert) 13 March 2011
YES. The bank can proceed against both.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Member Strength 1006507 and growing..

Stay updated with latest Posts!

Trouble Logging in? Try following the given steps -
1. Visit your inbox to find a confirmation mail from LAWyersClubIndia.
2. Click on the confirmation link and confirm your signup

New users who have not received email verification mail click here to verify