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Loan Repayment- Urgent Help Needed

adsa 20 Nov 2012, 13:50

My First Greetings to all of you, I have a following query and hope you all will help to fish me out from this case. :)

Can a Co-Borrower file appeal in the DRT-1 under Section 17

of the Securitisation and Reconstruction of Financial Assets and enforcement of Security Interest Act, 2002 (hereafter referred to as

the „Securitisation Act‟)

against Borrower besides bank from which Home loan is taken and bank has issued a notice for full repayment on the plea that Co-borrower is dependent on borrower.

What is a repayment liability of Borrower for Bank Loan when House Property was Registered in Wife’s name and she was Co-Borrower with Husband(Borrower) and was shown dependent while taking Loan and has entangled her Husband in Legal case by filing Domestic Violence case 2005(Still pending) and thrown her husband from the house mentioned above. The House was mortgaged to bank as security.

Thanks

:)

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