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I want to know can stop bank to take possession of my house
18-Nov-2024 (In Recovery Law)
I Maneesh dwivedi
My family has taken loan from IIFL of 10 lakh 1year ago which is taken by my father, brother and me .... But some tragedy happened to my family my father passed away my brother is having many health issues,so we were unable to pay emi of loan..... Now the bank is sending me court orders and news articles to take possession of my house.
What we can do sir?
U have to approach the debts recovery tribunal for getting a stay order from the physical possession of ur property .If the bank has sent any notice under 13 (4)SARFESI Act or if the order has been passed by the collector for possession then u will have to get a stay order from drt . Contact me for any help
Helpful?
Adv. Ashutosh Patel
Jabalpur | 400+ Answers
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