lakhani (trainer) 03 August 2024
P. Venu (Advocate) 03 August 2024
What do you mean by "the bank has sealed the building by obtaining a court order."? To my knowledge, rights of the tenant is protected till the period of tenancy, notwithstnding the SARFAESI proceedings .
T. Kalaiselvan, Advocate (Advocate) 03 August 2024
It appears that you have no proper rent or lease agreement, even if you had one, down the years you wouldn't have renewed it.
If your lease agreement was in force you would not have remained silent all these years ever since the bank issued to your landlord.
You have suppressed the facts in this post.
The bank will take steps to take possession after giving sufficient time to the tenants to remove the goods from the tenanted premises.
Now you have to approach court seeking permission to remove your goods from the shop but you cannot claim continuation of tenancy.
lakhani (trainer) 03 August 2024
Alisha Kohli 03 August 2024
Pay the loan of the bank and get it released from the court , as u will step into the shoes of creditor .
T. Kalaiselvan, Advocate (Advocate) 03 August 2024
Ignorance of law cannot be claimed as an excuse.
Your contents that the bank has suddenly appeared before your shop and has affixed the notice and sealed the shop is unbelievable.
The bank will first warn the tenants to vacate the shop before they took physical possession.
Besides if you have a registered rental agreement and if the same is in force then the bank cannot evict you or put a seal to your shop during the agreement period remaining] in force
Therefore you may better consult a local lawyer and proceed to see if there are any loopholes for you to stay back in the property despite the bank taking physical posession
lakhani (trainer) 03 August 2024
T. Kalaiselvan, Advocate (Advocate) 03 August 2024
Since you have already decided to approach a lawyer having good knowledge about sarfaesi act, you may better go ahead instead of confusing everyone in this forum by giving new informaton in each and every post you make subsequently
lakhani (trainer) 04 August 2024
ADVOCATE ANIL PANDEY 05 August 2024
Very Well replied Sir.