What are the rights of the guarantor.

Whether the guarantor can sue the borrower before the Court, praying for direction upon the borrower for payment of the loan amount to the loaner. If yes, under which provisions of Law.

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Siddharth Srivastava (Advocate) 08 October 2017

Yes. If guarantor has suffered due to inaction or non fulfilment of obligation and duty casted upon borrower. The guarantor can claim damages, cost etc under the specific relief act.