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ripu sudan Maroo   05 May 2019

Loan default by builder

if a bank loan is taken by builder against building and it was sold to customers. And then if builder default the dues then whether bank can seize that property which is sold to customer or bank will recover it from personal assets of builder?
does customer has any rights against it?



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 1 Replies

Shashi Dhara   05 May 2019

If the builder has pledged the property then bank has priority right over the debt over pledged property

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