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Travel industry   18 June 2022

Demand notice under section 13(2)

DEAR SIR ,

IAM NRI HAVING HOUSING LOAN PAST 7YEARS  AND PAID CONTINUESLY WITHOUT ANY DELAY DUE TO PANDAMIC LAST MY JOB AND RETURN TO INDIA SINCE THEN COULDNT ABLE TO PAY THE BANK AND MY A/C BECOME  NPA .

NOW I HAVE GOT  DEMAND NOTICE  TO SETTLE OR THEY WILL CEASE THE PROPERTY 

I AM PLANNING TO SELL OUT PROPERTY IN MARKET RATE AND SETTLE BANK  NEED AROUND 6 TO 8 MONTH TIME TO SELL OUT PROPERTY  .. HOW TO CONVINCE BANK OR  SHALL I  FILE A CASE AT DRT TO GET TIME 

AMT AROUND 30LAKH  (60 Days almost over)

NEED YOUR ADVISE 

 

REGARDS 

 

 



Learning

 2 Replies

SIVARAMAPRASAD KAPPAGANTU (Retired Manager)     18 June 2022

You may please contact the Bank Officials and explain your plans to them, inter alia disposibgvthe house property. Normally, bsnk' permit time provided you can convince thembwit realistic and honest proposal.

Dr J C Vashista (Advocate)     19 June 2022

Contact Bank Manager to withhold further action and your proposal / permission for disposal of mortgaged property 


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