Legal Question in Banking Law in India
dear sir
after issue of sarfasi notice u/s 13(2), then borrower clears the loan, with interest, can bank with-hold the title deeds for want of differential rate of interest(not agreed upon interest)? and what are the judicial powers of Branch manager?
Asked on 9/28/09, 6:47 am
3 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
The bank may withhold title till all the dues are cleared. You may better settle the dispute amicablty and avoid litigation.
Answered on 9/28/09, 10:10 am
Seshadri Srinivasan
www.lawconcern.com
If you had paid the SAEFESI notice demanded amount with applicable interest as stated therein, you should have a right to return of mortgage documents.
Answered on 10/22/09, 1:38 am
Seshadri Srinivasan
www.lawconcern.com
If you had paid the SARFESI notice demanded amount with applicable interest as stated therein, you should have a right to return of mortgage documents.
Answered on 10/22/09, 1:39 am
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