Legal Question in Banking Law in India

I have taken a loan from SBI Housing loan in 1994. The EMI I have paid upto 1996. There is no records I am finding that whether I have made full payment to bank in 1996 or not but I have all my documents e.g. sale deed, power of attorny etc except NOC of bank.
It is also a fact that from 1996 to 2008 there was no correspondance or demand from the bank in12 years. Now bank is claiming his dues whereas I understand that I have made the cash payment to bank that is why bank has not asked for 12 years and also I am having all my original documents of my propoerty.
Now bank is claiming and came for seized the property.
Pl advise how to proceed.

Asked on 7/12/10, 11:58 pm

J. Radhakrishnan independent Practice

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Engage a good advocate and file application under Sec.17 to the DRT concerned.to set aside the action of the bank.

Answered on 7/15/10, 7:17 pm

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