Scope for 101 mcs certificate appeal
Syed Faisal
(Querist) 15 April 2017
This query is : Resolved
Sir we have been guarantor on loan for 48 lac bank has given subsequent loan of 55 lac and 118 lac while first loan(48) has been not clear bank has sanction 2 further loan with the help of borrower bank got 101 certificate under MCS act for third loan(118lac) with dummy signature of guarantor , we have been file cast in co-opertive court for first(48) and second loan(55) we have fille petition for third loan(118) in high court , but our lawyer has said we don't have any scope in high court since it is a matter of decree , now the bank harassing both the guarantor , please guide what will be best for us.( Note bank dont execute mortgage deed in the loan its only on promersiry note)
Raj Kumar Makkad
(Expert) 15 April 2017
You need to file an appeal against the decree passed by lower court. High Court cannot intervene at this stage in the given matter.
If no mortgaged property is there, you need not to worry as banker cannot cannot make auction o your personal proerty under the grab of the said decree.
Raj Kumar Makkad
(Expert) 15 April 2017
You need to file an appeal against the decree passed by lower court. High Court cannot intervene at this stage in the given matter.
If no mortgaged property is there, you need not to worry as banker cannot cannot make auction o your personal proerty under the grab of the said decree.
Rajendra K Goyal
(Expert) 16 April 2017
Without referring full case file / material facts/ related documents, nothing can be advised.
Discuss with your lawyer and in case of doubt go for second opinion from other
lawyer after showing full case file.
Syed Faisal
(Querist) 16 April 2017
Rajendra sir Can you share you mobile no.
