Can Bank Attached Mortgaged property of Guarantor
5 years ago
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.
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.
For full procedure contact me on mobile through Vidhikarya.
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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.
For full procedure contact me on mobile through Vidhikarya.
Rate me Five Star *
Please visit the following link.
https://vidhikarya.com/LawyerRating/9506c43f5d0b2d266a07
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BIR ABHIMANYU KUMAR
Responded 5 years ago
A.Yes Bank can attach mortgage property of guarantor . For more information you may contact with me
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