Bengaluru | 27 Feb, 2022 (9 months, 1 week ago)

General Advice

Bank forfeiting 25% payment against the property still possessed by previous own

Property Details: 30*35 ft in Whitefield Bangalore Auction Date: 25/11/2020 deferred from Feb’2020. 1. Final Bidder Awarded: 30/11/2020, 25% payment made, and receipt obtained with 15 days-time or at the earliest payment of balance amount to execute the sale confirmation. 2. Bank was advised verbally in Feb’ 2020 re requirement of Loan to make the 75 % payment if the bid was won. Covid Lockdown stopped all the document procurement process and the rest of the documentation completed after the lockdown. 3. Tax Payments for Loan Purpose: 2017-2018, 2018-2019, 2019-2020 tax payments done on 03/03/2020 to get the loan processed and because of Covid rest of the payments for year 2020-2021 & 2021-2022 made on 24/08/2021 & 29/09/2021 respectively. 4. Bank sent a Watsapp message on 15th January’2021 giving 15 days-time to make the balance payment else the 25% amount will be forfeited. Bank advised time and again to get the property cleared of possession from previous owners/Defaulters until which the rest of the payment will not be made. Delay in Payments Property portion since Feb’2020 was possessed by the previous defaulter which the bank guaranteed to get vacated be
27 Feb, 2022 | 21:13

Sir, I'll provide you certain legal suggestions, but for that i need to ask certain questions from you. For any further assistance, feel free to contact me on my e-mail ""

Shubham Pabbi & Associates

27 Feb, 2022 | 21:04

Please reach me at 9794148274

27 Feb, 2022 | 17:54

Dear client
As per your submission it reveals that this is the matter of the auction and sale certificate through the court and 4 feature of the amount which was previously paid to the bank
Give me detail information of the matter then we will discuss the detailed principle of the code of civil procedure in respect of the auction and sale certificate
Please call me for advise


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