Bank has send a RC (notice) for repayment of six lakhs to my father saying that he took gurannted a person in 2006 under PMRY schem ,may father told that there was another person took GURANTEE of this person under same PMRY loan schem and he deid 3 YEARS AGO .And the BORROWER ALSO DIED 5 - 6 YEARS AGO,I came to know that taken money from a person from him i came to know that HIS FAMILY HAS SHIFTED SOMEWHERE IN MAHARASHTRA ,he borrowed Rs.75000.from bank. Now Bank is saying that amount has become 6 LAKH INCLUDING INTREST ,I asked a family friend who is banker about this case he said that pmry schem does not require guarantor , i wanted to know is it true that pmry does not require guarantor.i also want to know that we have to pay this amount where actual borrower is dead.
In this case can suit be stand? If so, what would be the LIABILITIES of my FATHER.
