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BAltogether it is a secured loan. Worst case scenario is if the collateral they’ve given doesn’t cover their loan and interests, that’s when they come after the guarantor for recovery.BYou’ll have to look into the agreement you signed. Are you a limited or an unlimited guarantor? Either way if their account is declared as an NPA the bank can and will proceed against you and your friend. Keep an ear out and see if they settle the dues or not. I’d say prepare yourself for the worst outcome. Since you’re a guarantor to a corporate debtor, they can very well move for insolvency if you don’t pay. If you have any assets, either sell them to pay off the debt if you’re so inclined or go the unethical route and transfer them to your wife/husband/parents/siblings so they don’t come after them. Either way you’re gonna be stuck paying the amounts since you signed as a guarantor. I’m not sure what a primary or a secondary guarantor is but it’ll probably be clearer in the agreement.BIn the event of their death, it divulges to you and your siblings. There are many classes of heirs. It’ll come to your wife only after you inherit your share.BLexlegis isn’t like chat gpt. It’s more of a research tool than a language algorithm. It’s useful but I’ve been having issues with using it lately so I wouldn’t recommend it.BI use it to write emails sometimes I suppose lol. Lexlegis.ai is useful when it works. Haven’t used lucio before. But otherwise when I’m drafting chat gpt is a nice way to paraphrase my words into something more formal or story-like. It even proofreads for me.BIt’s normal. If you’re worried you can track your case online. Google e court services and enter the court complex and your case number in the website.BYou don’t need to goto west bengal for this. You can file an application before the local magistrate where your bank account is. Approach a lawyerBHey. Have you tried to file a suit of declaration and eviction? Also, idk what it’s called in Gujarat but the English term is something called an extract from the town survey land register. That will very clearly mark the boundaries of your property which is proof of your ownership. It’ll be a long and hard battle but don’t give up. Your case will be of huge help not only to you but to many other people in similar situations.BYou need to relax man. The police were smart. They realised it’s just neighbours fighting. Don’t stress out over it and lose your hair. If they file a complaint, they’ve filed it. Co-operate with the police. If an FIR has been registered, then have an advocate collect a copy so you can follow the procedures according to law.
You’re worried when even a complaint hasn’t been lodged.
BDude it’s like saying “why won’t she walk home alone? Does she not have faith in people?” You feel me?BYou realise that not all 5 crore pending cases have to do with criminal yes? And I agree with you, police are really bad at their jobs which is why the conviction rate is abysmal. Easily corruptible cause of shit pay. But one can’t live life believing there’s no point in trying. The law helps those who help themselves. At least some relief will come if you pursue the matter instead of giving up.
