Physical possession of e-auction property

Querist : Anonymous (Querist) 03 April 2018 This query is : Resolved
Dear all,

I have purchased a property(individual house)
bank BOM E-auction on 17th Aug 2017.

I have paid full amount(around 36 Lakhs) to bank as mentioned and has
recieved the sales certificate from the bank on october 2017.

Till date some of defaulter goods are lying at the premises.Bank officals failed to
give clear posession to till date for me.

Every week i am going to bank and enquiring the status, they simply dragging and not giving proper updates.
Its been past 6 months.

My questions is
1.In salescertificate why bank mentioned "handed over the possession of the scheduled
property,the sale of schedule property
was made clear free from all encumbrances known
to the secured creditro on deposit of the
entire amount of sale price"
2.If bank not resolving this issue,I will not take the property can i get any interest of the amount paid to the bank

Happy to discuss if guys need any more details.

Thanks,
Rameshwar.

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Dr J C Vashista (Expert) 05 April 2018
If you are seeking obligation of experts FREE OF COST you will have to disclose your identity as per rules of this platform.
No reply for an "anonymous" author.

Querist : Anonymous (Querist) 05 April 2018
Hi Vashista,

Thanks for informing,I will change the settings now ..By mistake i have uploaded as anonymus author

Ms.Usha Kapoor (Expert) 22 April 2018
From the date of sale certificate to handing over possession of property to you the bank wil have to pay interest.

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