vijaya 27 June 2018
hai sir
recently i got a attachment on immovable property over my oponent.but same property is got auctioned using SARFAESI Act by bank .The buyer paid 50 parcent only and yet pay rest and still no registration has happened . what about my debt does my attachment does have any effect
R.Ramachandran (Advocate) 27 June 2018
You personally handled the case or through a Lawyer?
vijaya 27 June 2018
R.Ramachandran (Advocate) 27 June 2018
What is the lawyer's view?
vijaya 27 June 2018
R.Ramachandran (Advocate) 27 June 2018
Are you an Advocate?
vijaya 27 June 2018
R.Ramachandran (Advocate) 27 June 2018
When the Bank has the first charge over the property, and the said property having been auctioned, how can you still entertain hope to recover the money on the basis of the property in question?
vijaya 27 June 2018
R.Ramachandran (Advocate) 27 June 2018
In any case, being the first charge holder over the property, the bank has auctioned.
Assume, if the buyer pays the rest of the amount, what will be your position. Even otherwise, when the Bank has first charge, what is your position. Only after satisfying its dues, if there any surplus, then you can be thought of. Otherwise?
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