I AM LAW OFFICER FACING A DIFFICULT QUESTION FROM ONE OF MY CLIENT. THE CLIENT WAS ISSUED NOTICE IN SEPTEMBER 2012 UNDER SARFAESI ACT SECTION 13 (2) FOR DEMAND OF 19.12 CRORES . FURTHER NOTICE ISSUED UNDER SARFAESI ACT FOR 13(4) FOR 19.12 CRORES IN DECEMBER 2012 . THE BANK FILED O.A...
Sarfaesi Act Section 17(1) of the act - An efficacious alternativeT.R.Radhakrishnan
on an application made under section 17 or section 17A or the Appellate Tribunal or the High Court on an appeal preferred under section 18 or section 18A, holds that the possession of secured assets by the secured creditor is not in accordance with the provisions of this Act and rules made...