Legal Question in Banking Law in India
Hi,
We are the lease agreement holders,we have paid a sum of Rs.3,75,000/- to the owner unfortunately the owner is absconding,the owner has a bank loan & has defaulted the payments the bank has sold the house to a third party,we are helpless now the bank has given us a days time to vaccate.We dont know what to do.Pls help
Asked on 5/18/10, 5:45 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
Except giving a police complaint and also filing a civil suit against the owner for return of the deposit, you don' t have any remedy. You cannot escape vacating the house and surrender of possession to the purchaser of the house.
Answered on 6/02/10, 2:29 am
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