Legal glossary
“obligor”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 · s. 2
(q) "obligor" means a person liable to the originator, whether under a contract or otherwise, to pay a financial asset or to discharge any obligation in respect of a financial asset, whether existing, future, conditional or contingent and includes the borrower;
Read section 2