Procedure to get back the property put on auction by bank
29-Jan-2023 (In Property Law)
Sir my dad property is auction by bank. If there any chance to get back to that house.Other person is pay the outstanding dues the bank manager is sell to his religion person. And bank signed the Clarence in document. if there is any chance to get back the house. Suppose i will give the outstanding dues to the who one pay the amount to bank.the house value is 40 lakhs. But the bank dues is just 4 lakhs. After he get loan in bank and give the value of the amount. there is no process for registration. just bank give the Clarence for dues only. he give amount after registration.
Definitely you get the property. You have prove the case and the bank can't action the property. Above 10 lakhs only the bank has to power to auction the property through court . Your matter is only 4 lakhs only.
Hi,
This is M.A RAHEEM KHAN Advocate, From : Hyderabad, @ lawrato.com
You have to file injunction suit against the Bank and his Manager to restrain them to give clearance to that person, and pray to the court that you will settle the matter by giving outstanding dues to the Bank.
This is M.A RAHEEM KHAN Advocate, From : Hyderabad, @ lawrato.com
You have to file injunction suit against the Bank and his Manager to restrain them to give clearance to that person, and pray to the court that you will settle the matter by giving outstanding dues to the Bank.
you need to approach the debt recovery tribunal for stay within stipulated period of sale as if there is any procedure lapse shown by bank in securetisation reconstruction and financial recovery act under section 13
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
- Legal Documentation for Claiming Ancestral Property Share Without Disp
- Agriculture land and house property are two separate entities or singl
- Grandfathers property sold out by the grand daughters.
- Gift deed from mother to son but paid in cash the property value
- Cancellation of registered agreement to sell
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."