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property purchase in bank auction
03-Dec-2023 (In Bankruptcy / Insolvency Law)
purchased property in bank auction in October 2017. till now no possession and sale certificate issued. bank saying case pending in DRT. I want my money back with interest.
hi
you are an auction purchaser and your sale is subject to outcome of drt proceedings. if you wish to obtain refund of the money, you can approach the bank or debt recovery tribunal and claim refund along with interest(approximately 9% per annum).
hope this information is useful.
you are an auction purchaser and your sale is subject to outcome of drt proceedings. if you wish to obtain refund of the money, you can approach the bank or debt recovery tribunal and claim refund along with interest(approximately 9% per annum).
hope this information is useful.
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Adv. Rajagopalan
Hyderabad | 500+ Answers
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