gauranter

Querist :
Anonymous
(Querist) 18 July 2015
This query is : Resolved
If a company takes loan from bank and on behalf of it the company morgage its property. If the company is unable to pay back the loan amount, the bank will take over the property.
I want to ask is, does the bank get any effect on the gauranteer.
And if the gauranteer was director before for 5%
Kumar Doab
(Expert) 18 July 2015
Anonymous query,so no reply.