LawRato

Release of property papers given for surety


02-Feb-2023 (In Recovery Law)
In 2002, I stood surety for loan from Bank to my son with whom I have no relation now due to certain very unpleasant reasons. Said loan has since been fully cleared and rather it has little credit balance. But the status of account in Bank still remains C/C a/c. Despite writing to Bank for release of my property papers given at time of sanction, Bank not giving back papers saying that I should visit Bank along with borrower to get No Due Certificate then they will release the papers which is practically not possible. Presently nothing is payable to Bank and a/c has some credit balance. What should be the way out to get back property papers from Bank?
Answers (1)

Answer #1
963 votes
you can file a consumer case against the bank for realise of your property papers. else you can also file suit for mandatory injunction to get the papers. other way around is petition in high court. you can also move an application before banking ombudsman. you have certain options to get your property papers back.
Helpful? LawRato LawRato
Advocate Shivam Sood

Adv. Shivam Sood

LawRato Ludhiana | 5+ Answers
Chat with Advocate Shivam Sood Chat 

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.

Report abuse?

Connect with top Recovery lawyers for your specific legal issue
Connect with a Lawyer
Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

All Answers

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

LawRato