[Resolved]  Dena Bank — Blocking of account of guarantor

Address:

South 24 Parganas, West Bengal

Sir,
I am a consumer of the Budge Budge Branch of Dena Bank. I became a guarantor of a person, who took 6 lakhs rupees loan from the said branch for his plastic carry bag factory in 2005.There after he has failed to repay the loan . Budge Budge branch has blocked my 13 lakhs rupees as because i was the guarantor. Now the borrower is not showing any interest to repay the loan and bank has recovered the amount from my account. My buisness is totally stopped because of this problem and i am mentally devastated.

Please advise me regarding the process, so that i can get back my money and the borrower becomes compelled to repay the loan.

Thanking you.

Shankar Samanta