In the orders of the DRT, the Advocate Commissioner has issued orders of attaching the property in the 12 year opd NPA case of Canara Bank.
The personal property of the defaulter in a 12 year old NPA account was attached by Advocate Commissioner Mahesh Prasad Pandey appointed on the orders of Mr. Vatsalya Kumar, Recovery Officer, Debt Recovery Tribunal, Jabalpur.
Canara Bank's DRT Liaison Officer and Senior Manager Law Ashish Pandey informed that the said property was located in Bhopal's Qazi Camp and on the orders of the DRT, the property was attached with the help of the police. On-the-spot valuation of the property was done. The outstanding amount of the bank will be recovered soon by selling the property.
Giving further information, Pandey said that this action has been taken on the orders of the Recovery Officer of DRT Jabalpur and on the orders of the DRT on the willful defaulters who do not pay the bank's money, attachment of their movable and immovable properties and His arrest and civil jail proceedings are done including sale, as well as told that the bank has various schemes of settlement, in which the bank settles at good discounted rates, but against those who default, despite being competent, do not return the bank's money. Strict action is taken.
The DRT is now going to take similar action against willful defaulters and their guarantors and if you want to avoid this unpleasant situation then immediately contact your nearest branch and discuss your problem or settlement.