Legal Question in Credit and Debt Law in India

Can a Co-Borrower file appeal in the DRT-1 under Section 17

of the Securitisation and Reconstruction of Financial Assets and enforcement of Security Interest Act, 2002 (hereafter referred to as

the �Securitisation Act‟)

against Borrower besides bank from which Home loan is taken and bank has issued a notice for full repayment on the plea that Co-borrower is dependent on borrower.

What is a repayment liability of Borrower for Bank Loan when House Property was Registered in Wife's name and she was Co-Borrower with Husband(Borrower) and was shown dependent while taking Loan and has entangled her Husband in Legal case by filing Domestic Violence case 2005(Still pending) and thrown her husband from the house mentioned above. The House was mortgaged to bank as security.

Thanks


Asked on 11/20/12, 5:40 am

2 Answer from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

I feel you need a good lawyer to guide you as he would have many question(s) to ask you before answering your queries and subsequently advice(s) you on your legal issues. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

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Answered on 11/20/12, 11:21 pm


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