Dear Advisors,
I am in total mess which is impacting my job and personla life big time, some advise and suggestion on this is more appericiated. I try to summarise in short.
I have taken a home for a property from Niho builder in Indirapuram, NCR, from Deusche postbank. We have signed a tripartite agreement with bank and builder. I paid the EMI thru ECS for 15 months, but on noticing no development from the builder i updated the bank that i don't want to continue with the loan kindly recover the loan from the builder. But bank paid no attention to my request and continue to ask me for EMI and ECS continue to bounce. Now the loan is under arbitration, I have mentioned that as per tripartite agreement i can withdraw from the loan anytime i want and bank has to recover the loan from the builder.
Bank is continously sending me notice for EMI bounce and has mentioned that i have to pay the EMI, despite it is clearly mentioned in the tripartite agreement that loan, all charges and penaltites to be recovered from builder, he will in term deduct that from my initia;l deposit.
Kindly advise what to do??
