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shivakumar (individual)     31 May 2014

Auctioning fake property by citibank bangalore

Hi All,

I have purchased a empty plot through auction as per sarfaesi from citibank. I got sale certificate registered in my name after payment of bid amount. Bank in its Auction confirmation letter, stated that physical possession will be given after registration. They have not given possession till date. In the meanwhile we observed that there is a building coming up on auctioned plot. Upon enquiery, it revealed as follows..

Government Granted some land to X and he got DC conversion and made layout of several plot. X made two layout plans on same survey number and with same site numbers. Example site no 23, in one plan it is having dimension of 30ft by 50ft and in another plan it is 30ft by 40ft. First he sold 30ft by 50ft to Y and later after three months sold 30ft by 40ft to Z. Then Z sold to A and A sold to B. A & B were aware that they were duped. B took loan from Citi Bank pledging documents and he didnt pay any EMI. Later citibank took possession and published for auction. I purchased through auction. But now Mr.Y is constructing a building. Now where do i stand. I approached police. They told me to write to Citibank about the issue and give them sufficient time to response. If citibank fails to respond , then I can file cheating case against citibank as they have sold the property for which they dont have any rights legally.

Even now if you take EC from regsitrar office for site 23 with different dimensions, one EC with 30 50 will show only X &Y,, other EC with 30 40 will show X, Z, A, B, myself


Somebody suggest what shall i do,, this is a peculiar case.. Citibank officials have not verified documents before sanctioning loan to borrower or they have duped bank by taking bribe. Mr.X is dead already.

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     02 June 2014

Please contact a local lawyer who is well conversed with the realty based laws, produce before him all the papers, take his advise and proceed as per the same.


did u get the solution or not...plzz share..I am also faced with Same problem

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