Legal Question in Banking Law in India
Sir,
I have mortgaged two properties, 1 having a value of 4.5 crores and another worth 45 crores. But the bank is insisting in selling the later one. Can somebody pls help me with a case law thru which I can save my other property.
Asked on 4/21/11, 10:23 pm
2 Answers from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
How can the bank sell your property ? Have you not repaid the loan amount ? Please clarify.
Answered on 4/22/11, 2:04 am
Bennet Master of Law
Bennet Raj Law Office
What do u mean? whether property is under Sarfacsi action? If so, file Sarfacsi appeal for remedy
Answered on 4/22/11, 9:49 am
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