Sarfaesi act
GUNDA SRIDHAR
(Querist) 21 July 2017
This query is : Resolved
Respected sirs,
I have participated in a Bank E auction sale, and I am the successful bidder, paid 25% amount but the bankers did not vacate the flat till now, bidding happened 3 months ago.
Now they filed application at District Magistrate Court for orders in vacating the flat.
1) How many days (approximate time) it will take for orders from DM Court and how they will vacate the flat if the previous owners do not want to vacate it anyway.
2) Shall I ask for Sale Certificate from the AO (Authorized Officer) as I have paid 25% of Reserve Price as per Sale notice i.e., Terms and conditions of payment.
Regards,
Sridhar
Rajendra K Goyal
(Expert) 22 July 2017
Nothing can be predicted how much time would be taken in orders from DM or vacating of the property.
You have paid only 25%, Bank may not issue sell certificate if full amount not paid.
GUNDA SRIDHAR
(Querist) 22 July 2017
Thank you sir..
sir, can I complain about the whole process and about my amount to the higher officials of bank or shall I approach Head Office or Banking Ombudsman for quick response from the Bank Officials/Authorized Officer or for refund of my money deposited.
Regards,
Sridhar
Rajendra K Goyal
(Expert) 22 July 2017
Repeated query:
http://www.lawyersclubindia.com/experts/Sarfaesi-act-645031.asp
http://www.lawyersclubindia.com/experts/Sarfaesi-act-sale-notice-by-allahabad-bank-648001.asp
http://www.lawyersclubindia.com/experts/Sarfaesi-act-648486.asp
