JM (JM) 21 August 2012
I was the guarantor for a bank loan for my in-laws. They took that money from the bank, and gave it to their son which was not the purpose for which the loan was sanctioned. They claim that the money was paid to me but their own documentation shows clearly it was paid to their son. My entire family is facing false 498a case because of this.
Can I file a case of cheating against them?
Adv.R.P.Chugh (Advocate/Legal Consultant (rpchughadvocatesupremecourt@hotmail.com)) 21 August 2012
Intimate the Bank and get filed a 420 case against them ASAP. Only this would set them right.
Sudhir Kumar, Advocate (Advocate) 01 September 2012
Agreeing with Mr Chugh I will add that you also discuss with Bank that you intend to recall the guarantee having know the misrepreentation by the borrower.
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