Section 14 of sarfaesi act

Rajeev Khanna (Querist) 02 February 2012 This query is : Resolved
Dear Sirs,

Fact:-Limitation Act applies to SARFAESI action initiated by the Bank.

Query:-what is the limtation period prescribed for moving an application u/s 14 of SARFAESI before CMM/DM.Further when/where Limitation period starts running from?.

Thank you all in advance

Regards
Rajeev

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Raj Kumar Makkad (Expert) 02 February 2012
Academic queries cannot be raised now onwards as decided by experts. If you have any real case then put its facts and obtain guidance otherwise read law books and obtain academic knowledge.

DEFENSE ADVOCATE.-firmaction@g (Expert) 02 February 2012
THANKS IN ADVANCE QUERIES SHOULD ALSO BE WELCOMED IN SIMILAR MANNER.

c.p.s. ramachary (Expert) 14 April 2012
After serving demand notice to borrower, there is no time limit prescribed within which bank could take symbolic possession or physical possession (taking assistance of C.M. Magistrate u/s 14 of the Act)in the Act

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