Mortgage loan revivL

3 years ago

my parents borrowed around 1 lakh from a chit fund company 28 years which has been liquidated 21 years ago .the company has been revived again in 2020 and they initially contact us in a polite manner to settle the remaining amount and they got a signature from my mother stating the above and got deposit amount of 5k in order to show the documents .we thought of settling in a amicable way but the company didn't show us any account statement or property documents for six months .when I approached them directly they Denys the Authorization and sent a auction notice stating that we have to pay 1 crore .I want to know how we can proceed it legally

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Ankur Goel @ Complete Law Shield

Responded 3 years ago

A.no dues.

Advocate Ankur Goel
(Complete Law Shield) #YourLifeYourChoice

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Sidhaarth

Responded 3 years ago

A.Case after twenty years is barred by limitation. In such case limitation is merely of three years. They have no right to make any auction. Lodge a police complaint and also approach court for stay. The liability of legal heir is very limited.

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