francis (CHIEF) 04 January 2014

Property given as security

DEAR SIRS,

I HAVE GIVEN MY PROPERTY AS COLLATERAL SECURITY TO MY RELATIVE, BUT HE DIDNT REPAY THE LOAN PROPERLY NOW I GET SARFESI ACT NOTICE FROM BANK.

MY QUERY:

IS THERE ANY POSSIBILITIES BY GIVING COMPLAINT AGAINST HIM.

WHAT IS THE SECTION FOR GIVING COMPLAINT.

REGARDS

FRANCIS

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 07 January 2014

Bank can recover the amount from you. You, in turn can recover the amount from the original borrower.