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ANURAG JAIN   19 January 2019

Non payment of bank loan

Hello Experts,

I have taken loan for a flat under construction from ICICI bank. almost 35 L I have paid to the bank & 10 lacs is stil pending. I am paying EMI for that. Now our builder is absconding & case is under NCLT. Flat papers are in the bank & me & my wift are co-applicant for the loan. I am interested to pay but builder is absconding & i do not know the future of this property. Almost 505 buyers are stuck in this. I have following questions.

1. If i did not pay the EMI of 10L loan than bank will recover from the flat paper which are under the bank or from my other sources.

2. I have my own house which papers are with me & not with the bank. Can bank mortgage that property ?

Waiting for reply.

Thanks in advance

Anurag

 



Learning

 1 Replies

Adv Deepak Joshi +917017821512 (Advocate)     19 January 2019

Bank will recover money from the mortgaged assets.


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