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Hanmant Magar   24 January 2019

Attachment to salary

Respected Sir, i am guarantor for Home loan by my friend from one of cooperative bank, he has not paid EMI's and his loan account is under NPA ,Initially I have given undertaking letter to bank regarding deduction of EMI from my salary account. Now bank has sent notice 9Section 49[2]) to my office regarding deduction of EMI from my salary. I was heard that for home loan if any one not paying EMI his home will auctioned and reaming amount will be taken by guarantor. pls guide me


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 1 Replies

Adv Deepak Joshi +917017821512 (Advocate)     25 January 2019

Dear querist,

 

If possible share copy of notice by bank to below email id.

In case principal borrower does not pay EMI than bank will approach guarantor for payment.

 

 

Regards

Deepak Joshi & Associates

Djaa.legal@gmail.com

Mb/whatsapp +919456777600


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