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francis (CHIEF)     04 January 2014

Property given as security

DEAR SIRS,

I HAVE GIVEN MY PROPERTY AS COLLATERAL SECURITY TO MY RELATIVE, BUT HE DIDNT REPAY THE LOAN PROPERLY NOW I GET SARFESI ACT NOTICE FROM BANK.

MY QUERY:

IS THERE ANY POSSIBILITIES BY GIVING COMPLAINT AGAINST HIM.

WHAT IS THE SECTION FOR GIVING COMPLAINT.

REGARDS

FRANCIS



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Dr. MPS RAMANI Ph.D.[Tech.]

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     07 January 2014

Bank can recover the amount from you. You, in turn can recover the amount from the original borrower.


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