Sarfaesi


Dear Sir , We are Constructing a Godown on agriculture land In Maharashtra , under section 44A of MLRC 1967 ( under bona fide industrial use ) . for that bank is (State bank of India ) denying loan as land is not SARFAESI complaint ( as it is agricultural land ) , but we are explaining that , after construction of godown it will be SARFAESI complaint so please help us , is it valid or not . it will be so helpful for us . Regards, Yogesh Agrawal
 
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It is bank's discretion to grant loan you cannot force bank.

 
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I know Sir , actually bank is ready but they have confusion about SARFAESI is applicable or not .
 
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