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Bank auction property problem need advice
24-Sep-2023 (In Banking / Finance Law)
Dear sir
We bought a auction property from SBI bank worth 35 lakh.we did a intial payment of 8 lakh and remaining applied for SBI loan in August 2019.
Loan was also approved by SBI bank
Till today we did not get the auction property becoz the tenant staying there refused to vacate the property and also pandamic came in between.
We have not got our property till today 25 September 2020,but SBI bank is asking us to pay the interest for the loan availed and everymonth we are facing cheque bounce charges.
Please help us what can be done
Dear client
many issues pending like this . what we have to do is immediately send a legal notice and file petition in approperate forum and seeking remidy.
please contact me through lawrato. am here to help you. thanks in advance
regards.
many issues pending like this . what we have to do is immediately send a legal notice and file petition in approperate forum and seeking remidy.
please contact me through lawrato. am here to help you. thanks in advance
regards.
Helpful?
11+
11+
Adv. B Zakir Hussain
Chennai | 200+ Answers
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When was this lease entered into by the borrower? Was it prior to or post mortgage with the bank? Did you approach the bank in assisting you in obtaining physical possession? Based on that we can assess and proceed.
Helpful?
20+
20+
Adv. Suraj Chandrasekaran
Chennai | 25+ Answers
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