SARFAESI ACT

Querist : Anonymous (Querist) 05 December 2010 This query is : Resolved
I SEEK ADVICE FROM EXPERT THAT I AND MY MRS. TAKEN LOAN FROM A NATIONALISED BANK MORTGAGING 2/3 PROPERTY ( BUILDING) WITHOUT DEMERGATION AND OWNER OF THE 1/3 IS MY MINOR SON (SIX YEAR) . THE BANK MADE SARFAESI (FIRST NOTICE) NOTICE TO US . BUT MY SON ENGAGING GURDAIN TO HIS AUNT MAKE CIVIL SUIT OF PARTITION AND DEMAND STATUSCO MAKING THE PARTY TO THE BANK AND COURT SHOW CAUSES TO THE BANK FOR INJUNCTION .THEN I WANT TO KNOW WHETHERE THE BANK MAY PROCEED OR NOT

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Arun Kumar Bhagat (Expert) 05 December 2010
The Bank shall proceed unless it is restrained by order of injunction.

Devajyoti Barman (Expert) 05 December 2010
right

Advocate. Arunagiri (Expert) 05 December 2010
I agree.

Querist : Anonymous (Querist) 05 December 2010
THANK YOU ALL OF YOU.THEN PLEASE ADVICE ME WHAT SHOULD I DO

Devajyoti Barman (Expert) 05 December 2010
Proceed with the civilcase more vigorously and ask for injunction against attachment by the bank.

Querist : Anonymous (Querist) 06 December 2010
THANK MR BARMAR, THEN TWO QUESTION 1) THEN BANK WILL GET THE MINOR PROPERTY ? AND WHICH PROPERTY THEY WILL SELL.

Querist : Anonymous (Querist) 11 March 2011
DAER ALL EXPERT THE HEARING WAS MADE LAST MONDAY, BUT THE JUDGE CANNOT TAKE ANY DECISION STILL DATE AND DEMANDING RULING OF JUDGEMENT. PLEASE PROVIDE RULING OF JUDGEMENT IN THIS REGARD.

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