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Think twice before you stand as a guarantor...
Updated On: 23 March, 2009 09:36 AM IST | | Subroto Roy
... Or else you may end up with a frozen bank account
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... Or else you may end up with a frozen bank account
Ashok Malharrao Zoal of the Special Branch, Pune, had stood as a guarantor for a friend who had taken a loan from the Seva Vikas Bank.
When Zoal's friend defaulted on the EMIs and relocated, the bank's recovery officer Mary D'Souza ordered Zoal's salary account to be frozen.
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