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Kamalakkannan (MD)     21 November 2019

Possession notice sec 13(4)

DCB  BANK LTD ISSUED A Possession Notice Sec 13(4) for me against my Housing Loan. Past 2 Yrs i am unable to pay the dues . They are collecting Monthly Rs.500 for past 2 yrs for ensuring i am not left the plae. Now the Total Due Amount is Rs.39L. Propery Value is 70L . Now they issued notice period of 60 days to settle the Amount. 

I need minimum 6 Months to settele the amount . Is there any way to get the stay order aginst them.

Pls Advise.

Thanks

Kamal

 



Learning

 1 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     21 November 2019

Dea kamalakannan,

You have to approach DRT and file application for stay. Wherein you may get sufficiety time for selling the property.

Regards,

 


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