Repossession of co-applicant property
I have given consent to a bank loan as co aplicant. Also my property was kept as security. Now main aplicant has defaulted on payment. Bank also has his property. Bank principal o/s is 77 lacs. Aplicants property value is around 80 lacs and our property market value is 1.5 crore. Now bank is pressurising us. They hav also issued both of us notices. Also their r 4 more co aplicants, bt nothing of them is attached as security. Bank is just now pressuring us to make payment or they will sell our property. Kunfly advise us for further action to be taken.
Asked 8 years ago in Property Law
Religion: Hindu
The property of aplicant is also their with bank. Why bank is pressurising us only. Also their r 4 more co aplicants.
Asked 8 years ago