Vijay Apte 27 January 2019

Wish to withdraw personal guarantee

five years back I have given personal guarantee for two friends for taking new home .The home worth is 3 cr.i wish to withdraw personal guarantee as they are not doing well and in future they may not be able to repay loan.kindly guide

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3 Replies

Adv Deepak Joshi +917017821512 (Advocate) 27 January 2019

Dear querist,

You may contact creditor and express your intention for same.

Regards

Deepak Joshi & Associates

Djaa.legal@gmail.com

Mb/whatsapp +919456777600

(Guest)

That really depends upon the terms and conditions
you can check if there is any revocation clause,
or you can email me the pics of your document and I ll let you know.

Satyam
satyammishra181@gmail.com

1 Like

Shashi Dhara 27 January 2019

If Ur continuing gaurantor u cannot easily withdraw so contact eminent advocate is sue legal noticeto them thru advocate and withdraw .don't worry because they have pledged home first it will be actioned if it doesn't fulfil entire amount after wards they will catch u.