My builder had done fraud by raising the fund and taking loan from bank on property by help of dummy buyer but dint register it. Later he sold the property to me with outstanding loan and that dummy buyer is nit paying back loan.
After knowing all this i forced him to settle this. He has canceled the loan and saying i will payback amount gradually.
What action bank can take against me in case of non payment. I have all docs in my name(sale deed, agreement, ec).
What precautions i can take to safeguard myself