Bank Can Recover Loan Dues Directly From Guarantor Without Exhausting Remedies Against Borrower: Allahabad HC
The Allahabad High Court has ruled that a bank can recover unpaid loan dues directly from a guarantor after the principal borrower defaults, without needing to exhaust recovery measures against the primary debtor first. A Lucknow bench comprising Justice Shekhar B. Saraf and Justice Abdhesh Kumar Chaudhary delivered the judgment, confirming that a lender has … Read more