Asked in Banking
this Case may be solve in Court Loc Adalat. so u file a case against bank and after appearance of bank u must file a petition for case settlement in Lok Adalat. I think solve this matter.
right to survive cannot be infringed from indigined person when he has no source to pay back the same the bank loan amount.
In your case it is foolish to file an indigent petition because the house building is the collateral security. Bank will take possession and sell the house and recover the dues.
If bank is not considering your problem, you have the option to file insolvency petition in the court declaring youself being insolvent in making the payment of loan
Legally you have no such rights. You may contact the bank with a representation in that regard. They may consider.
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