Physical possession of property purchased from bank auction
11 months ago
I have purchased house property id(UCBASURA07480039) from UCO bank auction notice. I haven't received the physical possession of the property and it has been 2 years to get physical possession. I need help to go through legal court process to expedite the process and bank is not showing any interest to provide physical possession of property.
As per the infromation you have given it is advisable to reach out to the bank for this issue.
Anonymous
Replied 11 months ago
I have reached multiple times to the bank but they are saying there recovery agent is taking care of the case. I have raised complaint multiple times but they are closing the ticket without proper response. I need legal advise about where can I complaint so that the bank will expediate the physical possession process. Thanks in advance for any valuable help here.
Did you make any written grievance to the Bank on the subject during the period of two years or Banking Ombudsman?
Is the deed of conveyance in r/o said auctioned property executed and registered in your name ?
Is there any terms and conditions of sale agreement that remain non-complied at your end that delayed possession of property?
In absence of all these informations nothing could be suggested in the matter as of now.
You may however reach out to an Advocate ASAP who may vetting your papers can suggest proper steps to be taken in the matter.
Anonymous
Replied 11 months ago
Dear Sir,
Please find my reply against each point.
1. I have raises a complaint multiple times but they are just replying by providing next hearing date but from last 3 month no update from the bank.
2. Auction is executed and it's on our name on mstc auction site
3. it was just mentioned that it's symbolic possession on the advertisement during auction
Please help/suggest me here so that I can get the physical possession of the property. I can provide all the document and information I have regarding the auction details.
LTCG ON SALE OF PROPERTY
Relinquishment deed signing by sister
Apartment issue
Formalities to be done by landlords regarding tenants in Ghaziabad UP
Flat Purchase
