Cancelation of PTCL order in my RTC
8 months ago
In my RTC this close is mentioned, we have housing loan from Bank of Baroda. Now we are not able to pay loan installments because I lost my job. I don't have any income sources. So I plan to sell this house and land. What to do for this case. Please suggest me to get proper solutions to sell my property.
A.Dear client,
You must file an appeal with the office of the Assistant Commissioner of Revenue under Section 136(2) of the Karnataka Land Revenue Act to have the words PTCL, etc. removed from the RTC.
You must file an appeal with the office of the Assistant Commissioner of Revenue under Section 136(2) of the Karnataka Land Revenue Act to have the words PTCL, etc. removed from the RTC.
Helpful
Helpful
Share
A.Dear Sir,
You have to go in appeal under Section 136(2) of Karnataka Land Revenue Act to the office of Assistant Commissioner, Revenue to delete the word PTCL etc from the RTC. This power lies only with AC.
You have to go in appeal under Section 136(2) of Karnataka Land Revenue Act to the office of Assistant Commissioner, Revenue to delete the word PTCL etc from the RTC. This power lies only with AC.
Helpful
Helpful
Share
A.Dear Client,
Section 42 (SC, ST Act) prohibits the sale of sc land without approval. This law was enacted to protect the interests of the SC/ST tribe. However, you can acquire SC land by obtaining NOC/authorization from the DM or the collector. The buyer can ask the builder/seller to get a Prevention of Transfer of Certain Lands Act (PTCL) endorsement. Either the Tehsildar or DC can issue this document. This is to ascertain that the property is not on land granted to person/persons belonging to the SC/ST communities. Once the EMI against a loan is not repaid for consecutive 3 times by the borrower for any reason whatsoever, it is treated by Bank as NPA. Accordingly, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. You can make a prayer to the Bank for some more time to settle the dues but cannot escape yourself from your liability of repayment of your loans for any reason whatsoever. Moreover, legal actions may also be taken against you that includes filing a civil suit in court or initiating criminal proceedings against you. The banks may also make use of debt recovery tribunals in order to recover the dues they are owed from the defaulter borrower. However, you may negotiate or settle your dues against loans by following the steps like lowering your interest rate, arranging for a reduced interest rate is one of the most common requests a defaulter borrower can make to the Bank, creating or restructuring a repayment plan or extending the tenure of repayment of a loan, looking for debt forgiveness. considering loan consolidation, offering a one-time settlement payment. Following these steps, you may write an application requesting for settlement of dues to the concerned Bank stating why you cannot repay your outstanding dues lying against the loans. Also, write that you want to explore alternative repayment terms. Specify the amount that you can pay, as well as what you expect from the creditor Bank in return. A good starting point for negotiation could be offering around 30% of the amount that you owe. Further, a quick counseling session with a certified credit counselor can help you to discover your options and choose the right path to resolve or settle the matter
Section 42 (SC, ST Act) prohibits the sale of sc land without approval. This law was enacted to protect the interests of the SC/ST tribe. However, you can acquire SC land by obtaining NOC/authorization from the DM or the collector. The buyer can ask the builder/seller to get a Prevention of Transfer of Certain Lands Act (PTCL) endorsement. Either the Tehsildar or DC can issue this document. This is to ascertain that the property is not on land granted to person/persons belonging to the SC/ST communities. Once the EMI against a loan is not repaid for consecutive 3 times by the borrower for any reason whatsoever, it is treated by Bank as NPA. Accordingly, Bank started the routine process of action prescribed under relevant laws for recovery of debt lying outstanding against the Borrower and the Guarantor. You can make a prayer to the Bank for some more time to settle the dues but cannot escape yourself from your liability of repayment of your loans for any reason whatsoever. Moreover, legal actions may also be taken against you that includes filing a civil suit in court or initiating criminal proceedings against you. The banks may also make use of debt recovery tribunals in order to recover the dues they are owed from the defaulter borrower. However, you may negotiate or settle your dues against loans by following the steps like lowering your interest rate, arranging for a reduced interest rate is one of the most common requests a defaulter borrower can make to the Bank, creating or restructuring a repayment plan or extending the tenure of repayment of a loan, looking for debt forgiveness. considering loan consolidation, offering a one-time settlement payment. Following these steps, you may write an application requesting for settlement of dues to the concerned Bank stating why you cannot repay your outstanding dues lying against the loans. Also, write that you want to explore alternative repayment terms. Specify the amount that you can pay, as well as what you expect from the creditor Bank in return. A good starting point for negotiation could be offering around 30% of the amount that you owe. Further, a quick counseling session with a certified credit counselor can help you to discover your options and choose the right path to resolve or settle the matter
Helpful
Helpful
Share
Read Related Answers
Flat Purchase
Dear Client,
In addition to the above, you need to obtain the following documents:
Mother Deed
Building Approval Plan
Sanctioned Plan Copy
Water & Sewage, Pollution, Electricity Approvals
Commencement...
Regarding undivided property
Dear Client,
According to the Hindu Law of Inheritance, the paternal property that is undivided for at least four generations qualifies as an ancestral property and the coparceners have an equal share...
Property - Our share of property
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. In ca...
Confiscated phone
Dear Client,
If a school is generally follows the CBSC rules strictly in all aspects then it might not be possible to recover your device back. Talk to the management authority and write a handwritten...
My mother and my wife needs safety for a PLOT
Dear Client,
Your mother can transfer the property to you by executing a gift deed in your favor. In that way, there will be no apprehension of losing the title over the property or anyone else claimi...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
