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Ravi sharma (Srvice)     24 August 2010

limitation Act

 

my father  was having a case with a bank over default of home loan... after the death of my father & the garentor

the bank took possesion of the property and they filed a subsitution application in court to subsitute the name of myself , my brother and my sister.( mother has already passed and we have not inherited any thing from our parents).

the bank has filed subsitution application one year & 5 months after my father died. 

i want to know if this is debarred under limitation act or the bank has any gound on which it can take this thing further




Learning

 1 Replies

Devajyoti Barman (Advocate)     24 August 2010

Yes the applcation for substitution is time barred but at the same time if the bank explains the delay it may ne condoned.


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