Legal Question in Banking Law in India

land problem

my father in law possess agreecultural land.one of his friend failed to paid loan amount. so bank was in position to attach his home so he requested father in law to mortgage his land and took the loan equal to his unpaid loan amount (21lacs). so my father in law signed some bank documents against this land. his friend again failed paid this loan amount & run to america but his brother is still in city. in the year 2007 bank sold this land for Rs. 42lacs as non payment of laon amount. but this transaction still not registred & on recent 7/12 extract their is father in law's name still present. now my question is what can he do for acquisition of said land


Asked on 4/13/09, 3:38 am

4 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: land problem

I agree with the above opinion; you may want to contact a local lawyer.

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Answered on 4/15/09, 12:39 pm
J. Radhakrishnan independent Practice

Re: land problem

The fact that the land records do not show transfer of your father in law's house is of no consequence. what has been sold is sold. Probably the purchaser from Bank auction will have the Sale deed registered soon. Better consult a local lawyer and proceed.

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Answered on 4/16/09, 10:18 pm
Pranav Desai PD Legal & Associates

Re: land problem

I believe you should approach a local lawyer with all the documents of your case. Because if bank has sold the property by a valid conveyance there is already a transfer in the name of the new buyer. However, the entry in the revenue records will only be a matter of procedure.

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Answered on 4/15/09, 5:18 am
Fahri Toga TOGA//OKSUZ

Re: land problem

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.

Contact ;

Address : WORLD TRADE CENTER,B1 BLOCK,15th FLOOR, YEŞİLK�Y/İSTANBUL,TURKEY

Phone : +90 212 465 65 42

Fax : +90 212 465 70 08

Web : www.wlfenternasyonel.com

e-mail : [email protected]

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Answered on 4/16/09, 9:44 am


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