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How to stop sale by bank in case of NPA


10-Nov-2023 (In Banking / Finance Law)
We have got stay from the drt court till 8/12/2017 under the condition of 20l before the above date .which is not actually possible by us. How can we save the property .Is there any remedy to extend the date . we are under the business of msme industry .
Answers (1)

Answer #1
809 votes
You have not stated how much you can pay before the deadline of 08/12/2017. It is better to remit as much amount as possible before that date, in order for the court to consider your plea for further time. Meanwhile, you may negotiate with your bank seeking further time, on a 'without prejudice' basis.

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