State Bank Of India vs Devendra Kumar Sinha SLP(C) 14982 Of 2017 – SARFAESI – Guarantor Liability

SARFAESI Act, 2002; Section 13 – There being a mortgage and the loan amounts recoverable, the appellant guarantor is entitled to proceed under the SARFAESI Act. The liability of the guarantor is joint and several with the principal debtor [State Bank of India is entitled to proceed under the SARFAESI Act, including the notice under Section 13(4), which was impugned and quashed vide the impugned judgment.]

Leave a Comment