Hi,
I want to ask that my younger brother has taken the Loan Against Property from a PSU bank on the property which is in my mother's and father's name. The loan was taken without asking me where my mother and my father were the guranters of loan. Now as my brother fails to pay the loan, bank has issued the legal notice under section 13(2) and after that bank has taken the symbolic possession of the property. Now bank is asking the sell the property.
My question is that legaly i also have the 50% right on my mother's property ? How i can challenge the bank's notice ?
Regards
