maharashtra co-operative socities act

Querist :
Anonymous
(Querist) 04 July 2010
This query is : Resolved
can a bank issue a notice under rule 107 of maharashtra co-operative socities rule, for attachment of the property to a guarantor in spite of the previous property been attached and out for auction?
previous property of the borrower is out for sale and the bank will recover the amount of debt.....but can they simultaneously give the notice to guarantor?