Dear experts,
I had bought a property under Sarfaesi act,2002 in Dec 2013.Even the bank santioned loan on the above property for X/2 amount & a loan was santioned ,sale certificate was issued..
After 10-15 days i came to know that the same property was already auctioned 6 months back under the orders from DRT in which 5 other banks were party & sale certificate was issued to highest bidder & buyer under DRT orders.
After intimating Bank about the earlier sale,i moved application against the cancellation of sale, plus refund of all my submitted amount & also the foreclosure of the loan.After 4 months in april i was informed about the sale Bank's has moved an appeal in DRT & hearing came up in July for which Bank's lawyer didn't turned up & after my protest with Bank,i was informed about a further hearing in Nov. Now all this while Bank is lingering on this issue and not refunding my amount.What should i do now? No procession? No sight of refund?
Thanks in advance
RK
