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RAM PROSAD BHATTACHARYA (director)     23 July 2014

Attachment of personal property

I have defaulted in business loan availed from a nationalized bank and have beeen served notice under sarfesai act . We have moved to DRT and currently the proceedings are on . Meantime bank has served us a notice under 19(25) of the Recovery of Debts to Banks and Financial 1993read with section 151 of the Civil Procedure Code for attachment of personal property . Meantime bank has already published auction notice for sale of the asset and collateral security offered .

The personal property for which the bank has filed a recevery application is my residence which is already mortgaged with another bank ( housing loan ).

How do I protect and move pl suggest



Learning

 1 Replies

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com)     24 July 2014

Consult a lawyer with all documents it will be better for best advise.


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