If EMI not paid for under construction property
11-Apr-2023 (In Property Law)
I bought a property in Oct 2014 under 80:20 scheme. In this builder agreed to pay the pre-EMI till possession. He stopped paying from December 2015. Since I did not plan for this, I do not have funds for this EMI. What actions financial institution can take against me? Construction has been stopped from August 2015. If I fail to pay the EMI, What property bank can auction as appartment has not been constructed?
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."