Home Loan
Home Loan

I had purchased a property in Chennai from my father in law (he has lost his job before my marriage due to his indisciplinary action) during Jan for Rs.6.25 lakhs thru Standard Chartered Bank home loan. Since my father-in-law is an elderly person and I have 2 sister-in-laws who were studying at that time, I allowed my father-in-law to stay at the same property. The documents are in bank and I am paying EMI for almost 7 yrs. Now he has filed a civil case against me and my wife (his own daughter B.Dharini) stating that he never sold the property and he has given documents for mortgage. We have entered appearance in the suit and we are defending the suit properly. We had also approached the bank to get themselves impleaded in the suit as Defendant to substantiate the payment of Sale Consideration.

Pls advise the way forward.

Company: Home Loan
Country: India
State: Tamil Nadu
City: Chennai

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