Legal Question in Banking Law in

i have received a sarfaesi notice from united bank of india ...but the property is not mine property is my fathers property....i am a old customer of ubi ....i will reglerise my account within 3 months but they dont have time they said they will take possesion...now what i do please help me..i need ur help ?


Asked on 2/11/11, 6:01 am

2 Answers from Attorneys
Professor SOMNATH MUKHERJEE MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)

please contact me immediately for taking proper legal steps otherwise you may lose.

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Answered on 2/11/11, 8:47 am
Himanshu Maheshwari Himanshu Maheshwari & Associates

You haven't mentioned whether the property in question is under d charge of d bank or not. Because provisions of serfasi act can only be invoked against the property under charge. If If the loan a/c is secured by the charge of the property and u hve received the notice then you have sixty days time to repay the loan.

Second thing if you are ready to regularize the account and bank is not co operating then u can approach to DRT or high court by showing your bonafides. The courts are empowred to grant you reasonable time to regularize the account

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Answered on 2/12/11, 11:08 am


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