We have taken 6 Lakh loan from a Bank for a business purpose. Mortgage property is my mother's 90 cents property. According to our finanacial stingency affected to the repaymnet . The bank have published notice & auctioned the said property to my neighbour in connection with SARFESI Act . I already filed case to DRT before the auction date , then DRT is directed to remmitt Rs. 3 Lakhs immediately but we are not in a position for remmitting the same . The neighbour is gave full auctioned money ie Rs. 15 lakhs to Bank and documentised the title deed. Bank sent a D/D for Rs. 5Lakhs to my mother ,the same D/D return to bank with Regd post by my mother.This time we are ready to give the full amount of loan & imterest .
H
