Maharastra Cooperative Societies Act 1960

Querist : Anonymous (Querist) 02 August 2011 This query is : Resolved
Can Special Recovery Officer make an attachment of LIC policy if it is not assigned in favor of Bank?

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Raj Kumar Makkad (Expert) 04 August 2011
Yes. Recovery Officer with permission of competent Court can attach LIC policy but not suo-moto as this is not mortgaged to bank.

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