Attachment of mortgage property
Querist :
Anonymous
(Querist) 09 August 2018
This query is : Resolved
We have a house worth nearly 40 lac in our village for which we have taken 12 lac as mortgage loan from bank. One of the persons filed pronote a case stating that we should pay him 4 lac in court attaching the same property. Is it possible to attach the mortgage property and approach the bank for the auction if he get a decree
Dr J C Vashista
(Expert) 10 August 2018
As claimed, the lender must be having some documents qua the loan of Rs. 4 lakh, show it to a local prudent lawyer for appreciation of facts, guidance and proceeding.