Legal Question in Banking Law in India

sir,

i had taken a loan against my property in 10/06/2007, amount rs.1509000.00 for 15 years tenure,& the emi per month is 20607.00.

i have paid 32emi, due to some losses in business,i could not pay 4 emi ,now bank has sent notice under 13(2) act and given 60 days time to settle entire loan amount . amount as follows

principal amount interest foreclosure charges other charges total amount

14,33,002.00 78,881.67 56,929.43 12,067.00 15,80,880.92

sir,

i want to settle the whole amount by liquidate some gold jewelery and from some help from my in laws, if i get 12 month time, but how much waver will i get on this loan,

sir i have approached even lawyer on this matter, his answer was,

to approach drt court after 13(5) notice is issued and go for a settlement after couple of months.

sir,

i am afraid what would i have to pay in the court, because i can only arrange rs.1150000.00 that to if i get 12 months time,

sir ,

please guide me in this matter , i want to know what is the amount on court fee, any deposit i have to pay the court , will the court charge interest until court decides on this matter, most important is can i get a settlement for the amount mentioned above.

thank u

.

mahesh

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