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Q. Can Bank Attached Mortgaged property of Guarantor

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Amit Ahuja

posted 5 months ago

Q.Can Bank Attached Mortgaged property of Guarantor
Dear sir

I (AMA) is the guarantor of a loan taken by MHA From bank (CCB). The loan of MHA with CCB went bad. CCB has made partial recovery from MHA by selling the collateral security of MHA.

Now they are behind AMA. AMA has only one property which is mortgaged to some other bank (DCB). The loan of AMA with DCB is a normal loan. Not NPA

Can court attach the mortgaged property.

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 5 months ago

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A. ) Dear Sir,
If your property mortgaged to some other Bank it cannot be attached for discharge of loan of some other Bank. Take the advise of local lawyer.

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BIR ABHIMANYU KUMAR

Experience: 3 Year(s)

Responded 5 months ago

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A. ) Yes Bank can attach mortgage property of guarantor . For more information you may contact with me

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