Hello experts,
My wife and I own jointly own a house in Mumbai. We bought the house in 2005. I had taken a loan from the bank around that time and since then I have been single handedly paying the EMI from the bank account which is my salary account. This can be verified from the bank account's statements as all the EMIs have been either paid through cheques or as ECS. From tax savings, I had made my wife joint account owner of the account as well. Now, I am contemplating divorce from my wife. I want to know what exactly can happen if I stop paying EMI of the bank and submit the flat to the bank?
