India, March 3 -- A Bengaluru-based chartered accountant has shared the story of her neighbour, who lost his home after missing just three EMI payments. CA Meenal Goel claimed that her neighbour Rajesh lost his flat worth Rs.1.20 crore after missing three EMI payments - the property was repossessed by the bank and auctioned off for just Rs.95 lakh. The unfortunate story, she said, serves as a cautionary tale about the importance of financial planning and having an emergency fund.

In a post shared on LinkedIn, Bengaluru-based CA Meenal Goel claimed that her neighbour Rajesh was laid off in October 2025. By January 2026, he had missed three EMI payments.

"The bank sent him a notice under something called the SARFAESI Act. Within 60 days, ...