Legal Question in Credit and Debt Law in India

i have a loan on my property.when i can not pay my loan i got a notice from bank( acording to SARFAESI ACT) i went to high court allahabad.high court ordered me to pay all money with intrest in six equal instalment (C.No-7841 of 2011high court allahabad) after paying 2 instalment i have no money to pay further instalments because my business is in loss.what else relief can i get in this matter


Asked on 7/15/11, 12:39 am

2 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

you have already been given relief and indulgence by the court. If you dont pay the money to the bank then the bank will left with no option but to sell your property to recover it dues.

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Answered on 7/15/11, 12:45 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

yes bank can recover by selling your property

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Answered on 7/15/11, 3:58 am


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