Legal Question in Criminal Law in India

i purchased a house worth 19 lacs and took a loan of 12 lacs for that home and after some time i came to know that property was already under the loan from 3 diff banks and the seller cheated on me. Some how due to family issues i was not able to deposit the EMI of the loan for the past 3 months and after getting this information i am hesitant to pay the EMI as its of no use because the property is already under litigation. So the Bank would be asking me for the Money to be returned to them as the Account would go Under NPA. i want to know what should i do and what are the charges that can be framed on me. Can there be an FIR against me.


Asked on 2/03/11, 2:31 pm

1 Answer from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Charges would depend on nature of complaint.

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Answered on 5/30/11, 10:28 pm


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