Withdrawn Surety From Personal Loan (Is in Law)
Two sureties were offered by an centre government employee to get extend limit of previous loan debt from coperative society bank in year of 2018 run by the departmental employees under registeration of RBI. Now, it is noticed by one of surety who entered into the same department in year of 2018 that the debtor was suspected entry into department and one time dissmissed from the service. But he is re-instated by the CAT with conduct of enquiry to clear about suspect on his recruitment. In this situation one of the surety want to draw his liablity and surety to bind him more to repay the loan by the principal debtor to the creditor as plea that at the time of giving surety he was new entrant into the department and not known the suspect entry of the principal debtor and given surety in sudation to the another surety being old one employees in the department. Now, the principal debtor is facing enquiry and he can be dismissed from service again. He is also refusing to repay the said loan in one installment or increase loan EMI out of monthly salary because he still in service. Is the surety can draw his garauntee???