In case guarantor dies before filing suit of debt recovery

Querist : Anonymous (Querist) 18 July 2015 This query is : Resolved
One of my relative was guarantor for loan from nationalised Bank.But borrower become defaulter within one year period.However guarantor died before bank files recover suit within three years period of loan disbursement.Now bank made a party to guarantors legal heir.But guarantor has not spared any such asset in his name.Whether his wife is liable to pay debt.Kindly suggest .

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Querist : Anonymous (Querist) 18 July 2015
Plz suggest

Kumar Doab (Expert) 18 July 2015
Anonymous query.Hence no reply.
Submit query with your identity to get reply.

Sudhir Kumar, Advocate (Expert) 18 July 2015
reply is there but you are anonymous.

M/s. Y-not legal services (Expert) 18 July 2015
come with your identification. then only you can get your answer.

-M/s.Y-not legal services-

Rajendra K Goyal (Expert) 19 July 2015
No reply to anonymous query.

Querist : Anonymous (Querist) 19 July 2015
Identification Ghanshyam

Querist : Anonymous (Querist) 19 July 2015
Plz reply now

M/s. Y-not legal services (Expert) 20 July 2015
This is your identification mean my advise is just consult your local advocate.

dev kapoor (Expert) 20 July 2015
Hi
Rules are sacrosanct....

P. Venu (Expert) 20 July 2015
The legal heirs of the guarantor are liable only to the extant the estate they have inherited from him.

Querist : Anonymous (Querist) 26 July 2015
Whether estate includes the pension receiving to the family of guarantor .

Querist : Anonymous (Querist) 09 August 2015
Plz the reply

Guest (Expert) 09 August 2015
Depends upon the terms of guarantee. So, why are you worried, as the lawyer of the widow of the guarantor can also reply the question based on the terms of guarantee, which may be the part of the petition.

Sudhir Kumar, Advocate (Expert) 09 August 2015
why do not you state your problem (like many persons do on this forum) instead of playing quiz.

Querist : Anonymous (Querist) 13 September 2015
It's not resolved yet,please give right advice

Guest (Expert) 13 September 2015
Your response to the advice/ suggestions of the experts, "please give right advice," is quite surprising!

Can you please state, what is wrong in the advice of each of the experts, who responded to your query?

When you have not made any mention about the terms of guarantee, how you can consider the advice of the experts as wrong. They have suggested to based on your own very brief description without the terms of the agreement?

Moreover, if you are the judge of right or wrong advice, why don't you advise the widow of your relative appropriately or ask her to consult some local lawyer, if you are unable to state the terms & conditions of the loan/ guarantee agreement?

Guest (Expert) 13 September 2015
Anonymous Would be capable of any thing is Once again Proved.

Guest (Expert) 13 September 2015
Anonymous Query

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