Legal Question in Banking Law in India

what is the action i can take against Bank Loan Fraud, which is done by me mistakenly.

For getting the loan money back , Bank is going to do the auction of my land...but the land is not mine now...i havn't sold it but actually its case was going on and i lost that land...

Now i have to pay all the loan amount with interest otherwise i will have to face the legal actions by the bank.

...Kindly help me in this matter.

Asked on 4/29/13, 8:34 am

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

30.04.2013

Dear Sir / Madam,

You will have to pay off and settle the bank loan, otherwise the bank will initiate criminal proceedings for recovery against you.

Regards,

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Answered on 4/29/13, 11:53 pm
J. Radhakrishnan independent Practice

I agree with Prashant Chavan

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Answered on 4/30/13, 6:11 am


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