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Asha S   06 July 2019

buying property which is under bank take over

iam buying a property which is under bank take over, previous owner failed to pay the loan so bank has takeover the house,
my question is, if bank give the tender to low quote with some illegal dealings, if someone put a case on bank about tender curruption, is there is any problems after I registered that property in my name


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 4 Replies

P. Venu (Advocate)     06 July 2019

Apparently, you are in an illegal act. It is beyond the scope of this forum to offer any suggestion

Shashi Dhara   06 July 2019

If it is auctioned in court and u have taken it legally in bid it is quiet ok

Asha S   06 July 2019

Who can put case on that property once I purchased and registered that?

Bhaskaran Advocate (Lawyer)     12 August 2019

If it is sold undervalued the transaction fails. 


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