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Cmm court order appeal for npa accounts


27-Jun-2023 (In Banking / Finance Law)
Cmm court has passed the order to take possession of my property on 5th April, how can i save my property as i need sometime to repay the amt
Answers (2)

Answer #1
597 votes
hi

in this case you have to approach debt recovery tribunal for relief

wherein you can pray for stay on execution of possession and also claim restoration of possession of already taken

please contact with detailed facts of the case so that we can advice you better
Answer #2
997 votes
You can file a securitization application in Debt recovery tribunal And get a stay order from there. It can be conditional. Once the order will pass you will get time to contest the matter and repay your loan.

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