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?
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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