Legal Question in Banking Law in India

Dear Madam

I am Sumesh residing in Dubai working as an accountant.

My elder brother took a home loan from ICICI and build a home in our

family property which is in the name of my father.My father was the Co borrower.

Three years before my father passed away.Property is still in the name of my

father only .Last month I came to know that my brother made a dues of 8 months to the

bank & the bank is trying to attach the land & building.As the land is the family property

and me & my mother have equal share in that .Can we stay the attachment of

Bank through a court order .

Please help me by your valuable advice.

Regards

Sumesh


Asked on 12/24/11, 8:36 pm

2 Answers from Attorneys
J. Radhakrishnan independent Practice

you can fight out the case in DRT, if the bank proceeds under SARFAESI Act. engage a good lawyer and fight out the case.

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Answered on 1/02/12, 6:39 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

i agree with Adv Radhakrishnan

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Answered on 1/04/12, 1:58 am


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