francis (CHIEF) 05 January 2014

Urgent please need clarification

DEAR SIRS,

I HAVE GIVEN MY PROPERTY AS COLLATERAL SECURITY TO MY RELATIVE, BUT HE DIDNT REPAY THE LOAN PROPERLY, NOW I GET SARFESI ACT NOTICE FROM BANK.

MY QUERY:

IS THERE ANY POSSIBILITIES BY GIVING COMPLAINT AGAINST HIM.

WHAT IS THE SECTION FOR GIVING COMPLAINT.

REGARDS

FRANCIS

Reply Follow

5 Replies

adv.raghavan (Advocate,9444674980) 05 January 2014

was there any QUID PRO QUO between you two.

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com) 05 January 2014

Dear Querist

no, you can not file complaint against him but you can file a civil suit for damage/recovery.

francis (CHIEF) 06 January 2014

Sir, There is no favour in favour done.

Anand Bali Adv. (Advocate Solicitor & Consultant) 14 April 2014

Dear friend,

You can not withdraw your security by any means, only you can recover the same amount after the recovery from the bank out of your property is made. You can file a civil recovery case with damages.

Advised, always take assistance from an experienced and well educated Advocate of the field. You can see my credentials on site for my appraisal.

Click "LIKE" in appreciation of the above answer.

Anand Bali, Adv.
(B.Com., M.A., LL.B., M.B.A.)

Supreme Court Of India
Delhi High Court & Other
District, Tribunal & Consumer Courts.
Civil, Criminal, Property, Recovery, Consumer,
Service & Family Dispute Matters.

Phone: 9582144748