Legal Question in Real Estate Law in India

sir, i have mortgaged my building and borrowed 2,00,000 by way of regd document, i have failed to pay rs.2,00,000 within the agreed time that is 5 years, mortgager has taken possession of property against my wish, what are the remedies available to me,

Asked on 10/23/13, 4:53 am

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

23.10.2013

Dear Sir / Madam,

You have no other choice but to repay the loan amount and release the mortgage of your property.

Regards,

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Answered on 10/23/13, 5:42 am
Rajiv Chandhok Ph: +919810050896 http://www.linkedin.com/pub/rajiv-chandhok/33/7b7/82

If m'gagor is a FI then DRT, if private then move court for a suit for manadatory injunction r/w O39 R1 & 2. You may drop in a detailed query at [email protected]

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JSR/241013

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Answered on 10/24/13, 5:25 am


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