SRIBHASKAR (LIFE & HEALTH INSURANCE ADVISOR) 24 September 2018
DEAR ALL SENIOR ADVOCATES?
CAN A PERSON ATTEND BEFORE DRT IN A CASE WHERE A POCESSION NOTICE SERVED ON HIM DUE TO DUES UNPAID EVENTHOUGH HAVING MORE TENURE OF A HOME LOASN ??
IF SO WHAT WOULD BE THE FEES???
DUES 2,10,000/- TILL THIS MONTH END.
CAN THEY ALLOW HIM TO CLEAR THE DUES AND CONTINUE THE LOAN ACCOUNT WITH THEM??
OR HE HAS TO PAY TOTAL LOAN AMOUNT OF 12,50,000/- TO CLOSE THE LOAN ACCOUNT.
IS IT NECESSARY TOP APPOINT A ADVOCATE??????
KINDLY GUIDE ME.
G.L.N. Prasad (Retired employee.) 25 September 2018
Any citizen can approach with clean hands and can make submissions in person before any authority in writing and in orally. But when a borrower failed to repay monthly installments, and the institution has recalled the loan, it is a serious issue and only a competent advocate can only save borrower from bank taking the property into possession.
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