Model Format of Notice by Guarantor to Determine Continuing Guarantee

Model Format of Notice by Guarantor to Determine Continuing Guarantee

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Guarantor to Determine Continuing Guarantee
Guarantor to Determine Continuing Guarantee

……………………………..
……………………………..
Dated ……………………..
TO,
……………………………………….
Bank ………………………………
……….. ……………………………
Dear Sir,
I hereby give you notice that the letter of guarantee dated …………..
executed by me in your favour guaranteeing the due repayment by the said
Shri …………… son of ………………… residing at ….………………………. on the
balance of his account is hereby revoked and determined and I give you
further notice that it you grant further loan to the said Shri ………………….. from
this date, I shall not be responsible for the same under the said guarantee….

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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