Fishing vessel loan guarantor
11 months ago
I pledged my property for purchase of fishing boat. I am not a fisherman. They defaulted in paying dues. Can a get stay order in highcourt for not auction my property.
A.Hello,
Stay order is a temporary injunction on a property where the concerned property is being damaged or alienated or has been wrongfully sold in other cases where an opposite party is threatening to dispose of property or property is under dispute. It is granted by Court as per order 39 of CPC.
yes, you can go to court for stay.
For better clarity reach out to an advocate.
Stay order is a temporary injunction on a property where the concerned property is being damaged or alienated or has been wrongfully sold in other cases where an opposite party is threatening to dispose of property or property is under dispute. It is granted by Court as per order 39 of CPC.
yes, you can go to court for stay.
For better clarity reach out to an advocate.
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A.Dear Client
Once you singed the agreement as a guarantor then you are as liable to pay as the borrower and if the bank is not able to get the repayment from the borrower then they have all the rights to recover money from you or your property.
I don't think the court will be able to provide you any relief.
Once you singed the agreement as a guarantor then you are as liable to pay as the borrower and if the bank is not able to get the repayment from the borrower then they have all the rights to recover money from you or your property.
I don't think the court will be able to provide you any relief.
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A.Dear Sir,
You can go to Civil Court and get a stay order from auctioning your property and it may happen.
You can go to Civil Court and get a stay order from auctioning your property and it may happen.
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