LawRato

Need your suggestion in fraud case of property by landlord


19-Sep-2023 (In Property Law)

One of my frnd is builder and purchased a land for colony devp . property was on loan but still land lord sale out to my frnd and then disappeared. my frnd also sale out some part to customer and start plotting. recently he got to know that this property was on loan. He invest entire money for this property Now prob is he neither able to return land lord's loan to bank nor to customer because this is a huge amount. Bank is also going for auction to take money back. pls suggest any solution to stop auction and he can start his plotting again. I need your free online suggestion.

Answers (3)

Answer #1
514 votes
Your friend can lodge a criminal complaint against the concerned land lord..and the only way to stop the bank is to repay the loan amount otherwise there's no remedy..your friend can approach the high court for fixing easy instalments to repay that loan..your friend needs to contact the bank for a solution else high court is the last option if negotiation with the bank fails.
Advocate Abhijat Pratap Singh

Adv. Abhijat Pratap Singh

LawRato Lucknow | 25+ Answers
CONTACT NOW
Answer #2
564 votes
The land was mortgaged to bank before it was purchased by your friend from this owner. He possibly would not have shown the updated mutation documents and hence your friend was not able to figure out the cheating. He further colonised on this land, which seems to be an unauthorised colony. He should apply for a stay on such auction and should figure out a way with the bank to return the money. Meanwhile he should also file a criminal complaint of cheating and fraud on the person who sold the land to him.
Advocate Atulay Nehra

Adv. Atulay Nehra

LawRatoNoida | 200+ Answers
Chat with Advocate Atulay Nehra Chat 
Answer #3
599 votes
bank is authorise to take possession of the property and can also sell it. you try to clear bank dues and try to communicate with the bank and give it a better offer and show them furture profits.

file FIR against the landlord who disappeared.
Advocate Vijyant Nigam

Adv. Vijyant Nigam

LawRatoLucknow | 100+ Answers
Chat with Advocate Vijyant Nigam Chat 

Now send a legal notice or reply to a legal notice drafted by an expert lawyer in your city at affordable cost.

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.

Report abuse?

Connect with top Property lawyers for your specific legal issue
Connect with a Lawyer
Comments by Users

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."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato