Guest guest Posted March 2, 2009 Report Share Posted March 2, 2009 Hi All Learned Members, My Father gave a guarantee to his friend's business and pledged our house to raise the capital. His friend was supposed to pay the loan back and give back our house papers after 5 years. It was fine for about 5-6 years, without my dads consent, his friend got the loan amount raised considerably (with the help of some corrupt bank executives)and after that he stopped paying the loan amount back to bank. Bank gave couple of notices to my dad for the repayment. My dad approached the bank pleading his innocense of the loan amount revisal, but no use. cosnuslted couple of lawyers for legal advice, and also approached ombudsman and bank trubunal. from the sources we heard that the bank executive has managed to suppress the matter from moving forward. My dad is extremely concerned about the loss he may have to incur and this is affecting his health for last 7-8 years as this case is not going anywhere. Can you please look into his birth details and suggest any remedy to overcome this problem? DOB: 13-Nov-1947 POB: Elur, Andhara Pradesh TOB: 10:54 AM Thanks Krishna Quote Link to comment Share on other sites More sharing options...
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