Payment for Overdue of Mortgage loan
2 years ago
I have an EMI overdue of Rs. 75,000 (total amount of 3 EMIs). Is it valid if I clear it by 30/03/2022? The bank Manager says if not paid by 21/02/2022 they will auction my house in 15 days and recover the debt. The account is not in NPA. Also due to the loss of job and COVID scenario my payment was irregular for the last 1.5 years. But it is streamlined now and I'm certain to clear the overdue by March 2022 end.
A.Dear Client,
As per the facts mentioned, you can approach the high court and get a stay order stating your situation and ability to pay in a little more time.
As per the facts mentioned, you can approach the high court and get a stay order stating your situation and ability to pay in a little more time.
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A.Dear Sir,
It cannot be sold so easily. If any notice is received or paper publication is issued then approach DRT or High Court and get stay order.
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