Right of subrogation

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20 November 2009 what is Right of Subrogation regarding Banking?plz explain with an example.

CS Vandana Kacholia

CS Vandana Kacholia (Expert)
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20 November 2009 Simply stated, the right of subrogation is the right to pursue someone else's claim. If you are subrogated to someone's claim, it sounds as though you are somehow subordinated to it -- but that's not what it means. It means that you may pursue it as though it were your own. It can arise by the express agreement of the parties, or automatically by operation of law.

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