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Sk Soni
Asked October 15, 2018

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  • 2 Answers

Recently eauction of flat by bank in my neighbour took place. On suspicion I file RTI and in reply bank informed that 10% of EMD received on 14/5/2018 and 15% to make payment of 25% received on 17/5/2018. Whereas eauction of flat held on 15/5/2018 btn 1100 am to 0100 pm and payment on 17/5/2018 is not as per sub rule 3 of Rule 9 of Security Interest (Enforcement) Rules 2002. Can u guide me is this fraud by bank perhaps in connivance with purchaser instead forfeited the EMD bank took 25% after two days on 17/5/2018? Whether this violation of can b challanged in court

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Lawfarm Team

In your case, a serious look on terms and conditions is required, you need a lawyer. Our team can help you connect with one. 

Agree Comment 0 Agrees over 2 years ago

Dear Sir,

You may immediately challenge such illegalities either before Debt Recovery Tribunal or High Court and get a stay on such proceedings.

For full procedure contact me on mobile through the Administrators of this Website.

Agree Comment 0 Agrees over 2 years ago

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