My home loan has been completed and is closed, the bank has given me the covering letter as well as the release deed. Although they stopped before registering it as I am the guarantor to an NPA home loan a/c holder. Is this law correct?
Answered on November 08, 2017
No, the Bank will not be entitled to stop registration of the release deed, however, the bank will be entitled to obtian a decree/ order against you in your capacity as guarantor for the loan in question and seek sale of your flat for repayment of the loan.
