Legal Question in Securities Law in India

I purchased a property in sale under sarfasi, and 25% amount paid in time,then a person approach to bank and offered higher amount, whether bank can cancel deal..


Asked on 7/10/10, 10:34 am

1 Answer from Attorneys
ranju A K

No. Once the sale is confirmed in your favour the Bank cannot susbequently offer the property to another person, even if he offers a higher amount.

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Answered on 7/12/10, 7:32 am


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