Legal Question in Banking Law in India
it is understod both loan are seprate seprate.home loan property not mortgage in cc limit.the reason is home loan property sale deed on 2003.and cc limit santion on 2000.bank attach hn 586 wrongly in place of 573.
Asked on 5/10/10, 9:11 pm
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If homeloan mortgage property was not mortgaged for CC limit and if that property was sold by Bank under SARFAESI Act, file a case in DRT immediately. If on the other hand that property was sold by DRT in enforcing recovery certificate for CC Loan, you don't have any remedy.
Answered on 5/11/10, 7:52 am
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