Legal Question in Credit and Debt Law in

i barrowed a sum amount form state bank of indian as working capital for my business by giveing my house as security,i got loses in my business and declared bankcrupt. bank given 60 days notice but i could replay to that notice. then they make pubilce action with closed tender. in that my propertie actioned very low rate. now i can abjection that action. pl give your valibale advise


Asked on 9/13/10, 12:44 am

1 Answer from Attorneys
Vishwa Arya Arya & Co.

yes you may file your objections to the valuations and ask for setting aside the sale.

If you have been declared bankrupt how could bank auction the property

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Answered on 9/13/10, 9:23 am


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