The Andhra Pradesh High Court while hearing the matter of Krishnam Raju’s Arrest took serious exception of the conduct of Sri P. Sudhakar Reddy, Additional Advocate General. A bench of Justice C.Praveen Kumar And Justice Lalitha Ka Nneganti observed “The arguments advanced by the Additional Advocate General are prima facie appears to be contemptuous in
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The guarantor is a gentleman who trust the Bank for their powers to recover the loaned money and the person who took the loan, to pay it. The guarantor be asked to pay only when Bank have exhausted all his powers to recover the amount from the defaulter person and left with no alternative but to recover the same from Guarantor who shouldn’t be made scape goat for the hobnobbing of Bank with the actual defaulter.
The guarantor is a gentleman who trust the Bank for their powers to recover the loaned money and the person who took the loan, to pay it. The guarantor be asked to pay only when Bank have exhausted all his powers to recover the amount from the defaulter person and left with no alternative but to recover the same from Guarantor who shouldn’t be made scape goat for the hobnobbing of Bank with the actual defaulter.