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vinothkumar (agri)     24 September 2012

Sarfaesi act reg.

My father and myself has an agri land to a extent of 5 acres,in that 50 cents was in the name of my father given by me thro' settlement deed.My father availed a housing loan with a nationalised bank ,being him as a borrower and myselves as a co-borrower that has been turned as NPA.Total extent of 5 acres is agricultural land.I want to know that whether total 50 cents will come under sarfaesi act or the built up area of the home will come under this act.

 

it will be more helpfull if there is a reply from anybody....



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 1 Replies

Uday (Lawyer)     25 September 2012

Dear Vinoth,

I'll be in a better position to clarify your doubt if you let me know that what sort of agricultural activity is carried out in the remaining 45 cents.


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