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delayed payment by bank to seller
29-Jan-2023 (In Banking / Finance Law)
Hi,
I am Mahesh I was sell my house at village to someone. he was taken home loan from cholamandalam finence. Now financial company is delaying payment. I have submitted home agreement copy 15 days ago but still they are giving excuse. what to do?
Order 37 of Civil Procedure Code: This order is a power given to the person who wants to recover his money. This order permits creditor to file a summary suit. This order comes under the speedier trial. Once the suit is filed and summoned. The defendant has only 10 days to defend the suit. If the defend does not show up, then the court accepts the plaintiff charges to be valid. Defendant can defend his suit by providing evidence and clearing the cross examination. If the court is satisfied that the credit it not taken by the defendant, then nothing will be given to the plaintiff but if it is proved by the plaintiff that the defendant has taken money and not paying it then defendant has to pay money to the plaintiff and punishment can be served to the defendant.
Helpful?
Adv. Veena Bane
Mumbai | 100+ Answers
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