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Builder failed to pay back loan can bank take possession of flats
29-Jun-2023 (In Property Law)
I took one Flat on lease in May 2013.Owner had purchased it in Nov 2012 in SOMANATH Apartment.one fine morning in April 2015 one KSFC came to the apartment,attached possession notice,as the builder has failed to repay the loan taken in Feb 2006.builder had sold the flat to another builder in Feb 2011 and without informing this fact to KSFC.KSFC got entered loan charge with CTS in May 2013.From 2006 to 2013 KSFC kept mum.KSFC claims that the builder has raised loan on GAURI apartment.So please let me can know KSFC take possession of Flat?What is my status and aginst whom I have file a case?
Dear Sir/Madam, you are tenant/lease holder in that Flat. You have to issue a legal notice to the your landlord as well as KSFC and concerned persons to settled the lease amount immediately, and if they have not to give satisfactory reply to your notice, thereafter you have to file petition to stay the said attachment and not to dispossesion from the said flat without due process of law, and to file suit for recovery of your money (lease amount).
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Adv. Chandrashekhar Vithal Jadhav
Bangalore | 200+ Answers
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