What to do if whole liability lies upon the surety if in case borrower has ran away?
My friend taken loan from XYZ finance. I have been surety (जामीनदार) for that loan. But that friend now had ran away since 4 months. What should I do now ??
1 Answer
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Advocate By LEAD INDIA
Answered: 02 Sep 2024
Sir, you should inform XYZ Finance of the borrower's disappearance and your status as a guarantor and consult an expert lawyer to understand your rights and liabilities. For further legal assistance contact us on our helpline number.
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