Will the defaultor become CONFIRMING PARTY in sale certificate?-
radhika (dwqdwq) 15 August 2014
Will the defaultor become CONFIRMING PARTY in sale certificate?-
ahmed (document writer) 15 August 2014
dear sir
there is no need of confirming party b'cos the defaulter is no more owner of the said property and bank is having absolute right over the said property, and verify encumbrance and other document before buying
khalid masood (partner.) 19 August 2014
Radhika I would advice you to engage an advocate who has expertise in laws governing auction properties particularly lawyers who attend bank cases and DRTs. Never seek opinion in this forum in the matter of bank auctions. As most of the experts in this forum are ignorant on banking and SARFEASI laws they may tell u to proceed with purchase of that property and would tell you that there is no danger involved in it.