Answer Posted / mohit gupta
When the Lender feels, the security provided by the Borrower
is not sufficient or it may be difficult to recover the dues
smoothly, the Lender may ask for additional security to be
provided by the Borrower himself or other on behalf of the
Borrower. In case if any dispute or failure to discharge the
loan by the Borrower, the collateral securities will come in
hand to service and recover the loan/debt.
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