Guarantor for loan from pat pedhi

Querist : Anonymous (Querist) 16 September 2017 This query is : Resolved
Sir, Please advise,

One of my friend taken Loan from PAT PEDHI. I and my brother are the Guarantors. We are retired from service and now getting pension.

My Friend is also retired person and getting Pension from BPT. But Now he is not paying Loan Installments.

Now Pat Pedhi by Legal Notice directed us to pay the Loan amount since we are Guarantor and our Friend is defaulter.

Please advise.

Can PAT PEDHI recover the Loan from us if Loanee is available and he is getting Pension.

Can PAT PEDHI deduct the Loan from our Account instead of Loan Account.

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Sudhir Kumar, Advocate (Expert) 17 September 2017
Can PAT PEDHI recover the Loan from us if Loanee is available and he is getting Pension.

YES IT IS THEIR CHOICE AND DISCRETION THEY CAN RECOVER FROM YOU LEAVING HIM HAPPY.

Sudhir Kumar, Advocate (Expert) 17 September 2017

Can PAT PEDHI deduct the Loan from our Account instead of Loan Account.

NOT UNDERSTOOD WHAT YOU YOUR MEAN

Advocate Bhartesh goyal (Expert) 17 September 2017
Pat Pedhi can recover the loan amount ,interest and expenses either from borrower or from guarantor or from both,it is their choice also if you guarantors are maintaining any account with Pat Pedhi ,they can adjust from that account also.

Guest (Expert) 17 September 2017
Being a guarantor is not merely a formality. As a guarantor, you may either get paid the loan dues from your friend or pay from yourself.

Guest (Expert) 17 September 2017
Perfectly guided by experts.

Rajendra K Goyal (Expert) 17 September 2017

No reply to query from an author who is anonymous.

You can post the query in fresh thread with your identity and material facts.

Guest (Expert) 17 September 2017
Mr RK Goyal Do not misuse the photograph of an innocent Child

Guest (Expert) 17 September 2017
Mr RK Goyal how you are connected to that child why you are misusing its photo please

Guest (Expert) 17 September 2017
Mr RK Goyal Are you an Advocate and have you given the child's photo to BCI enrollment

Guest (Expert) 17 September 2017
Mr.RK Goyal have you got the permission from the Child's Parents before using it as your identity

Guest (Expert) 17 September 2017
Mr RK goyal you are fit enough to be booked under Child Abuse Act 2010

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