My mother has mortagaged our house to her knees petrol bunk as a collateral guarantor in addition to their property. He has misused and diverted the amount from the petrol bunk. we have received a notice under sarfaesi act. Icame to know that under surfaesi act there is a provision for the bankers to go on to the guarantors property directly without going on to the pricipal borrower and his properties . Will any guarantor sign for any bank knowing these kind of provisions .It is strange that these kind of provisions are made by the law makers.
