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Ramesh Kumar
Asked July 27, 2019

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  • 1 Answer

Hi One seller had sold the flat to me and another person. I had taken a loan and second person also had taken a loan from bank. Same property is registered in court and registry is in bank custody. Now I stopped paying loan. Please guide what to do now bank is reporting fraud to me.

Answer 1

You shall be bound by agreement with bank and shall be liable to pay/ refund the availed loan amount with all cost, interest etc. Bank can proceed under SARFAESI Act.

Agree Comment 0 Agrees over 1 year ago

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