Corporate loan


Is there a criminal offense on the part of the guarantor if she is not able to repay a default on a corporate loan.
 
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YES 100 PERCENT IF YOU ARE APEAN ON PAPER AS A GUARANTOR ON LOAN ACCOUNT DETAIL

 
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Interesting. 

 
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in my considered opinion, non payment of law may not attract criminal liability as it is a civil wrong.  However, one has to go through loan documents for a clearer view in this matter.

 
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