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PRERNA SHARMA (JOB)     22 February 2018

Failure to pay pre -emi

DEAR SIR / MAM
I HAD PURCHASED AN UNDERCONSTRUCTION PROPERTY IN 2014  FOR WHICH I PAID 30LACS FROM MY BANK ACCOUNT AND ANOTHER 30 LACS I TOOK A LOAN FROM DHFL  LOAN WAS SANCTIONED  FOR 40LACS AND DISBURSED FOR 30LAKH S NOW I AM NOT ABLE TO PAY THE PRE EMI SINCE LAST FOUR MONTHS AND THE COMAPNY HAD CHANGED IT TO EMI AUTO MATICALLY.....SO WHAT IS GOING TO BE THE PROCEDURE OF THE COMPANY NOW AS THE PROJECT IS STILL UNDER CONSTRUCTION AND IT HAS NOT BEEN REGISTERD IN MY NAME.....CAN IT AUCTION THE PROPERTY OR NOT ?AND IF YES WHAT PRICE WILL IT START THE AUCTION AT???



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 5 Replies

Kumar Doab (FIN)     22 February 2018

Has the lender actually disbursed any loan amount to you, till date?

PRERNA SHARMA (JOB)     22 February 2018

yes sir arround 30lacs...

Kumar Doab (FIN)     22 February 2018

It is scured debt and lender has preferential charge on property.

PRERNA SHARMA (JOB)     22 February 2018

even if the property is under construction and it has not been registered in my name ,even some amount is balance to be paid to the builder!!!

Kumar Doab (FIN)     22 February 2018

Look into the loan agreement and any other agreement signed for said loan.

The lender must have secured IT's interest...


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