Legal Question in Banking Law in India
Attachment of Jt property in recovery proceeding by DRT
Recovery certificate (RC) was issued against A by the DRT.
A own a residential house jointly with B. This property was purchased before the RC was issued.
Attachment order (AO) was issued against A to attach the property. Can such AO be enforced? Without having clear title by A, can the property be attached?
Would the answer by different if A & B are blood relative.
3 Answers from Attorneys
Re: Attachment of Jt property in recovery proceeding by DRT
The R.O. can attach only the undivided half share of A. If the entire property is attached, it is advisable for B to prefer a claim petition regarding his undivided half share and get the same released from attachment. It does not matter whether A and B are blood relatives whatever you may mean by 'blood relatives' to the above course of action which is recommended.
Re: Attachment of Jt property in recovery proceeding by DRT
A agree with the opinion recorded above.
Re: Attachment of Jt property in recovery proceeding by DRT
approach a DRT lawyer.
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