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bank gives loan and if property is illegal then repayment is
28-Feb-2025 (In Property Law)
bank gives loan and if property is illegal then repayment is to be done or not
if done what will be the security of the buyer
If the property is illegal, the loan agreement may be void, but the borrower is still liable for repayment. The bank can demand alternative collateral. The buyer can approach legal authorities for redress.
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Adv. Ranabir Datta
Pune | 100+ Answers
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