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Machinery trapped in tenanted building sealed by bank
29-Aug-2023 (In Landlord/Tenant Law)
I ENTERED AN UNREGISTERED RENTAL AGREEMENT IN THE MONTH OF APRIL 2014 FOR FIVE YEARS TO RUN AN INDUSTRY.ACTUALLY THAT BUILDING WAS UNDER MORTGAGE WITH A BANK. THE MATTER WAS SUPPERESED BY THE BUILDING OWNER. THE BANK TOOK POSSESSION UNDER SURFASI ACT,AND SEALED THE SAME IN THE MONTH OF FEB 2015. MY MACHINERIES ARE INSIDE THE BUILDING.. HOW COULD I GET THE MACHINERS, AND COMPENSATION FOR THE LOSSES FROM THE OWNER OF THE BUILDING.
You could approach the Debt Recovery Tribunal opposing the action of the bank to take possession and pray for the release of your machines. You could rely on your unregistered agreement to prove the ownership of the machines and your tenancy rights.
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Adv. Vasavi Sridevi Sivanandam
Chennai | 200+ Answers
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