Bank availed possession permission from tehsildar
somesh
(Querist) 27 April 2017
This query is : Resolved
Dear Sir,
I have NPA account with bank and recently i have got a notice from thane tehsildar to vacate the property and give the physical possession to the bank.
bank have also filed case in DRT
what would be the escape plan as i am paying to bank in my capacity against the NPA account.
please advice
Thanks
rajeev sharma
(Expert) 28 April 2017
Mr Somesh We cant advise you to find ways to breach the agreement . As per your own statement you are paying as per your capacity not as peer the repayment schedule agreed with bank. Tahsildar may be assign by district Magistrate to take possession of the property.
The bank might have sought leave of DRT to proceed under the SARFAESI Act.
Contact bank pay your dues or face consequences
Rajendra K Goyal
(Expert) 30 April 2017
Pay the debt and get rid off the liability is best option.