Can I sell the land which I bought by taking a loan from bank?

I purchased a land by taking loan (land purchase + building) from a bank. After some days we came to know that there are some legal litigation and we have to go to court. Now that legal litigation is solved but we do not want to construct a house there as it had put us in lot of trouble and tension. I am still paying the EMI for the land purchase. Please let me know can I sell that land to somebody else? If yes please let me know the process. How to transfer the loan or what else to do? Please suggest me as soon as possible.

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