Legal Question in Securities Law in India

Sir,I have got a loan 13,00,000 from india bulls housing finance ltd in mysore branch office ,but they are tempered the original agreement and they rising the floating interest without intimation for me and i wrote a letter nine times, but they wont be giving any replay for me and i stoped the paying EMIs.so they are send a legal notice ,they are sized my mortgaged loan property under securitisation act.Sir i give a complaint to banking ombedsman national housing ltd but they dont give any justice for me, I have give a 2nd copmlaint to bambay banking ombedsman,what my real question is. if their any remedy to prevent the sizing of my mortgaged loan property ?


Asked on 2/04/10, 4:20 am

1 Answer from Attorneys
Nagendra Naik LegalScrutiny

if they have taken action under securatisation law, you have an appeal before DRT Bangalore. file an appeal and get a stay of further proceedings. DRT will hear your grivence. banking ombudsman is not the real forum. [email protected]

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Answered on 2/04/10, 4:25 am


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