Hello sir,
My father had bought a property in his single name and there is an ongoing loan on the property taken for business purpose due to some loss in the business the bank has taken symbolic possession of the property in 2018 under SARFAESI Act and till today the bank is not ready to sell of the property. Now my father has expired in 2019 and the property is in a single name and we wish to close the liability. Can the bank take possession and sell of the property or do i need to apply for a successor certificate and then the bank can sell. Is there any section i can force the bank to sell the property as they are only delaying the same.
