Chit fund recovery from the guarantee retired employee


Sir,

My father is a retired govt employee who has stood as a guarantee for one of his friend along with 8 others when he was in service. And that friend has obsconded with the chit value of 5 lakhs. Since my father was a govt employee, he became an easy target for the recovery sharks and was give legal notice to pay the chit value of 5 Laks. I am not sure why the chit fund company did not care about the rest of 8 members and never bothered to file a compliant on the absconding person.

Now, a local court has passed a judgement asking my father to pay the 5 Lakh INR. Is there any chance if we file a counter appeal in district court ? What does the law state in this case ? Appreciate your feedback and suggestions.

Yours sincerely,

Nagesh.

 
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Sir am also same as you, i did any thing plz suggest
 
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RETIRED JUDICIAL OFFICER

Dear Sir/Madam,

Since your case is complicated case as such I require documents and same may be send to my email for detailed legal advise.

 

With regards,

Kishan Dutt Kalaskar

 
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