Such a comprehensive and process oriented checklist! If only the Banks and the borrowers peruse this carefully, both could benefit from it. Thank you Ramachary sir.
Thanks for your comments. Please see the Supreme Court Ruling reported in 2014(1) DRTC 761 (S.C.)
Thank you Sir, for providing such an exhaustive information on the subject. Regarding point No:9, to recover balance dues after sale of property, DRAT Chennai has given a ruling that (in my one case), limitation starts from the date of such sale.
A very good article of SARFAESI Act. It is informative , Thanks for the same
Dear Mr. Arun Sukla,
I fully agree with you on this point.
Dear Sir at serial no. 10 it is to be noted that each notice gives the borrower the 60 days time for initiating the action under section 13 (4) of the Act, 2002
excellent and very informative.
Why require a special noting ?
For clues,HERE >
itatonline.org » Hill Properties Ltd vs. Union Bank (Supreme ...
Quite a comprehensive and informative write-up. In this context, the issues raised and the final resolution by the SC in re. Hill Properties Ltd. case call for a special noting. Also to consider insightfully, the doubts thrown up - refer Taxguru.com !
Sri Partha Roy
My cell No. 91+9849152783
My land line: 040+23550162
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