cpc

preference of lien

EX BANKER

A LIEN WAS CREATED ON PF ON 01.06.1985 FOR HOUSING LOAN

SECOND LIEN ON PF WAS CREATED ON 30.11.2000 ONCE AGAIN FOR SECOND HOUSING LOAN

 

THIRD LIEN  ON PF WAS CREATED FOR OD FACILITY IN 2003

CAN THE BANK  FIRST ADJUST THE PF TO OD ACCOUNT WHICH WAS AVAILED IN 2003 OR BANK IS REQUIRED TO APPROPRIATE THE PF AS PER THE DATE OF LIEN

 

PLEASE CLARIFY

 
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Bank will have discretion for appropriation of PF amount.

 
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