Mortgage of same property twice with different bank
Deepak Kumar
(Querist) 21 January 2011
This query is : Resolved
Sir,
Please provide the nature of action and case law in respect to fraud play by the developers with the banks by mortgage the same property with different banks at different point of time. And now one bank put the property put for auction.
The another quarry is that same developer fraudulent and dishonestly tampered with the sanctioned map and renumber and sold. then in such circumstance what action is avail with the bank.
bhagwat patil
(Expert) 26 January 2011
R U a banker or purchaser of the flat? if the value of the property is more than that of loan availed its not a fraud,secondly one have to check the documents of mortgage.
Advocate. Arunagiri
(Expert) 26 January 2011
The bank can initiate criminal case on the developer.
