Sale of the land in gaothan area
Kvijay12345
(Querist) 20 July 2012
This query is : Open
Sir,
My friend had a land in Gaothan area in his father`s name . He planned to build a bakery there.So, he got his project loan sanctioned by the nationalized bank But the bank after sanctioning the loan for bakery failed to disburse the amount in full despite of several requisitions and follow ups & without giving any clarification for the non disbursement of the loan in full and on the contrary pressurized his father to pay off the disbursed amount. So,his father had to sell the land for the minimum amount, far below than the market rate to the local person who had threatened him to kill. after two years from the date of sale,When my friend who was working in Banglore,returned , his dad revealed this thing to him. My friend is the only son and did not ever give his permission or NOC to sell the land. What are the legal remedies available to him to prove this deal illegal thereby cancelling this deal & acquire his land back? What is the time limit available for him to take action after the sell of the land?
