Legal Question in Banking Law in
i have taken a loan against property from icici bank, due to jobless i am not able to pay my emi for 10 month now icici handover or sell this loan to arcil and i contact twice to settle my loan but they are saying you have to pay the entire amount otherwise we will auction your property. My question is i have taken a loan from icici bank why arcil is negotiating.
Asked on 9/11/10, 11:17 am
2 Answers from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
ARCIL may be successor-in-interest of ICICI. You should try settle the matter with them if you want to avoid sale of yoru property.
Answered on 9/11/10, 11:08 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you may have to approach the bank for settlement and ask them for discounted settlement.
Answered on 9/13/10, 12:40 am
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