Bank security regarding
Mallikarjuna yadav A
(Querist) 08 May 2015
This query is : Resolved
Sir,
recently i put bank security for my frnd who is working along with me in my company
and i was resident of another state,i got govt job in my state i submitted my resignation today
My query was i will face any problem in relieving from the company
Guest
(Expert) 08 May 2015
Bank security in what shape?
Kumar Doab
(Expert) 08 May 2015
You may explain in detail how the bank security is signed by you!
Rajendra K Goyal
(Expert) 08 May 2015
If you are surety / guarantor, you are responsible to repay the loan if defaulted.
Sudhir Kumar, Advocate
(Expert) 09 May 2015
The query is that whether he faces problem in relieving form company.
For this query he has to intimate whether the said guarantee was given on behalf of company or not.
T. Kalaiselvan, Advocate
(Expert) 10 May 2015
Bank guarantee has got nothing to do with the company unless you have given the company's salary statement as an evidence for your guarantor ship.
Sudhir Kumar, Advocate
(Expert) 10 May 2015
Author has stated nothng about the question asked so I am not able to agree or disagree with Mr Kalaiselvan.
Dr J C Vashista
(Expert) 10 May 2015
Incomplete information shall lead to "nowhere" to form an opinion.
Mallikarjuna yadav A
(Querist) 10 May 2015
sir,
i put guarantee to my colleague ,the bank he took loan of 5 lacs is our salary account bank and i submitted my salary slip as a guarantor slip
Mallikarjuna yadav A
(Querist) 10 May 2015
my query is any problem will happen while relieving from the company,because i resigned job last two days back
Kumar Doab
(Expert) 10 May 2015
You are not drafting your posts properly.
It is guessed that the loan was availed from the Bank where salary a/c of both borrower and guarantor is held.
The guarantor has provided his salary slip as proof of income.
Has the borrower defaulted on loan?
As per loan agreement/approval T&C can the bank claim charge on funds in your salary a/c?
Withdraw all amounts from salary a/c and strive to get the acknowledgment/acceptance of resignation,the service certificate,relieving letter, salary slips of all months,PF number,ESIC card,I/Card,group Insurance number, NOC/NDC ,Correct FnF statement showing earned wages/leave encashment/bonus/OT /adjustment of notice pay/penalties/loss etc clearly defined in it ,Form16 as per correct FnF statement etc...........
If the borrower has not defaulted on loan and you have been relieved with all documents you may inform the bank about leaving the city and proceed to withdraw guarantee.....................and also persuade the borrower to arrange another guarantor and submit the guarantee to bank, and ensure that bank has discharged you in writing.
If you are unable to handle on your own seek help from an able lawyer.
Guest
(Expert) 10 May 2015
Your query is oremature, as at present you do not have any legal problem. Better wait for the response of the management on your resignation. You would be welcome to give description of your real problem, if and only when that happens?
Presumptions and predictions have no scope in legal solutions.
