Legal Question in Banking Law in Pakistan

bank loan

if a person has taken an agriculture loan from a private bank on a shurety of his land and became a defaulter for two years is bank has a right to auction his agriculture land without proceedings of court and knowledge of land owner or giving any information or any court notice to him prior to auction .thanks


Asked on 1/31/09, 9:29 am

1 Answer from Attorneys

Re: bank loan

in fact when a client offers his property for mortgage , the bank also get him signed some other document in which power of attorney in favour of the bank is also included that makes the bank capable for direct action. immediately seek legal help to invoke the jurisdiction of banking court, u have a case here. provided if you act promptly.

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Answered on 1/31/09, 12:05 pm


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