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Unable to pay emis, Can i get injunction order
15-Jun-2024 (In Recovery Law)
An injunction order in the context of a loan dispute is a temporary court order that prevents a lender from taking specific actions such as recovering the loan amount, initiating foreclosure, or selling the borrower's assets until the legal dispute is resolved. It is usually sought by the borrower to protect their rights and assets during ongoing litigation. The purpose of an injunction is to maintain the current status quo and ensure that no irreversible damage occurs before the court delivers its final verdict.
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