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Can a Bank Auction Be Stopped If the Loan Amount Is Disputed?

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(@kshama mishra)
Joined: 6 days ago
[#4492]

My bank has initiated auction proceedings under SARFAESI for my mortgaged property but I dispute the outstanding loan amount they have calculated including penalties and charges I consider illegal. Can I obtain a stay on the bank auction specifically on the ground that the claimed outstanding amount is disputed?


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