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Not payment of EMIs can bank sell property to recovery money
25-Feb-2023 (In Recovery Law)
Hi, please a advice. Someone has a home loan. Not paid for 20 EMis. NPA letter was received last month. They have asked bank to sell the property and take their money and give rest to them. Property is in forceful possession by third party. Whats the process to be followed by bank. Can bank take possession and sell? Replies will be appreciated. Thanks.
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Adv. Rajesh Rai
Delhi | 100+ Answers
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