Loan intrest payment

i have a loan against share account,by which i have got a o/d of 15lakh....it is a joint account,i am the 1st holder,the cheque also mentions both the holders name,my name beign mentioned first.

of the total shares which have been pledged,only 1 share is in my name while the balance all share is in the name of second holder.

my qestion is....if money from this account is given to some one,then who will qualify as the giver of loan?the 1st holder or the 2nd holder?

Both holders.. as its a joint a/c... (i hope it to be so)

Both are equally liable..

the person who receives the loan,has to pay intrest,whom will he pay?the 1st hplder or the second holder?