Sir can I go to court for taking time to make Emi housing loan, I need time to make payments for two years

If you are facing challenges in making your EMI payments for a housing loan, it is essential to communicate with your lender as soon as possible to discuss your situation. Most banks and financial institutions may be willing to work out a restructuring plan or provide you with a moratorium on loan payments in certain circumstances.

If you default on your EMI payments without prior communication or agreement with the lender, they may take legal action against you to recover the outstanding amount. This could include a civil suit, which may result in the court ordering the repayment of the loan amount along with any interest or penalties.

It is generally advisable to proactively engage with your lender and explore options for restructuring your loan or obtaining a moratorium rather than hoping to avoid legal consequences in court. If you require legal assistance in negotiating with your lender or dealing with any legal action, it would be best to consult with a lawyer specializing in banking laws or civil litigation in India.