Criminal Trident Pack: IPC, CrPC and IEA by Sr. Adv. G.S Shukla and Adv. Raghav Arora
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Abul Karim Khan H (Advocate)     18 August 2010

Gurantors Laibility

Whether  Gurrantors Property Can Be Auctioned?



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 5 Replies

Adv Archana Deshmukh (Practicing Advocate)     18 August 2010

Yes, guarantor is liable to repay the debt in case if the borrower becomes defaulter.

Prakash Yedhula (Lawyer)     18 August 2010

The guarantor's liability is co-extensive with that of the principal borrower

A V Vishal (Advocate)     18 August 2010

S.128 of the Indian Contract Act, states that " The liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract."

sanjeev narula (advocate)     19 August 2010

gurantors are severally and  jointly liable to pay the debts of pricipal borrower

N.K.Assumi (Advocate)     19 August 2010

Nothing to add.


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