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Rekhta   11 March 2021

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.


 5 Replies

avadhesh Paliwal   13 March 2021

YES 100 PERCENT IF YOU ARE APEAN ON PAPER AS A GUARANTOR ON LOAN ACCOUNT DETAIL

zoobageneratorr   15 March 2021

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christ85clark   30 March 2021

Interesting. 

lawyer_rajiv (9811284735) (lawyer)     13 May 2021

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.

Kathy Bowing   19 May 2021

Find a local lawyer and submitting all records and seeking advice 


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