DRT, attaching of savings account of personal guarantor
Good Day,
I am victim of a fraud by borrower and the bank. Borrower induced me into signing some papers under pretext of increasing company's networth for IPO and I gave my property for the same. The borrower made us directors in his firm with no monetary benifets, it was because of trust and friendship and the money already givrn in friendship. The borrower left india 7 years back and the bank made the loan NPA and initiated sarfesie. I have filed an FIR through court against bank and the borrower where the police has done nothing.
1. Bank had declared NPA as 21 cr but the bank statements show the debit amount inthe statements as 16 cr.
2. Bank has already recovered 20.5 cr after selling the borrowers properties. Still the outstanding is 34 cr.
3. Bank has taken physical possession of my personal properties and in the process of auctioning it.
4. Bank wants to attach my savings account too.
5. what are my options of stopping bank from doing this. Can bank attach my savings account. How will I survive if my salary account is attached?