RTI relief for guarantor's relatives

MUMBAI: The RTI has helped an auto driver, whose mother lost a big part of her savings after a borrower she had stood guarantor for defaulted on his payment, get her money back.

Prashant Mangaokar’s mother Suhasini, 60, was a shareholder of Shreedhar co-operative credit society and had stood as guarantor for a man on the suggestion of an office bearer. But when the borrower defaulted on his loan payment, the society promptly deducted Rs 33,815 from Suhasini’s account.

Soon, she suffered a heart attack and died. The deputy registrar (co-operatives) has ruled that the society should refund the money to her legal heir.

RTI relief for guarantor's relatives-Mumbai-Cities-The Times of India