Legal Question in Banking Law in India
my husband along with 2 ppl is garantor for a friend who is absconding.I am the 1st owner of my house & 2nd joint owner is my husband.He is not salaried &issixty; seven yr old.I am sixty yr old & a housewife. I was not aware of his signing the document since 1994.Bank is trying to attach house of one person involved .Can bank attach my house ?Is there a way out ?
Asked on 9/24/14, 3:38 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Your husband could not have mortgaged the house without your joining the same. If the house is not mortgaged, it is possible the lender in a suit/recovery petition can attach the undivided half share he has. If such an attachment is made, contest the same on the ground that you alone is the full owner of the house. Take the assistance of a local lawyer.
Answered on 9/25/14, 4:38 am
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