Hi,
Can a tenant take a legal action against the current bank manager and x bank manager coz the fraud borrower is absconding.
1. The x bank manager has sanction huge loan to the borrower on stocks which doesnot exist and again the (Nil) stocks were kept on rented shops which now no longer exist.
2. Before absconding, the borrower has given us false NOC of bank ( with the stamp and signature of manager) the same when we informed the manager he was laughing and didnt take any legal action against the borrower. The borrower even placed ad in two local newspaper.
3. The corrupt bank manager has combined all the loans amounts which were given on stocks and now asking us to vacate the flat.
Can i take legal action against the bank managers, plz give ur valuable suggestion.
