Urrgent

DEEPAK ROHERA (Senior Accountant) (285 Points)

31 July 2012  

 

What is the liability  of a guranter of a loan 
example : i am a guranter in a personal loan taken from nationalized bank by my friend now his a/c is going NPA than i recd a notice from a advocate of bank in that the giving me a time of 10 days for repayment of loan other wise they file a suit against me and borrower 
than i want to know that how much my liability is create when the borrower  is alive and in approach of bank