Hello Experts,
I have taken loan for a flat under construction from ICICI bank. almost 35 L I have paid to the bank & 10 lacs is stil pending. I am paying EMI for that. Now our builder is absconding & case is under NCLT. Flat papers are in the bank & me & my wift are co-applicant for the loan. I am interested to pay but builder is absconding & i do not know the future of this property. Almost 505 buyers are stuck in this. I have following questions.
1. If i did not pay the EMI of 10L loan than bank will recover from the flat paper which are under the bank or from my other sources.
2. I have my own house which papers are with me & not with the bank. Can bank mortgage that property ?
Waiting for reply.
Thanks in advance
Anurag
