Guarantor liability before Borrower in DRT Case
Guarantor Liability Is Immediate: Creditor Need Not First Exhaust Remedies Against the Borrower A recent judgment of the Allahabad High Court, Lucknow Bench, has reaffirmed an important principle concerning the liability of a guarantor for repayment of a borrower’s loan. The Court held that, unless the contract of guarantee provides otherwise, the liability of the … Read more
