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Prez asks banks to provide necessary credit to MSMEs

Prez asks banks to provide necessary credit to MSME's President Pratibha Devisingh Patil on Tuesday asked banks to provide financial support to micro and small enterprises to facilitate growth of the sector that contributes 40 percent to the

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SARFAESI ACT, 2002

Posted by sanjeev dubey

Sir,
I was a senior manager in Punjab National Bank and removed from bank service in 2007. I have filed a writ petition against my removal at High Court, Allahabad and the matter is still pending. Bank has not paid me any of my dues. During service, I availed Staff Housing Loan, Clean Overdraft facility and demand loan against shares. Without paying my dues, the bank has issued notice to me u/s 13(2) of SARFAESI.My dues will be almost equal to the bank dues. What are the remedies available to me?
Thanks.

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