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securitisation act/drt

Querist : Anonymous (Querist) 21 April 2010 This query is : Resolved
Do the above acts have retrospective effect on old loans prior to introduction of these Acts?Probably we would not have borrowed if these acts were prevailing then.Now suddenly the banks have been so aggresive needlessly by virtue of these one sided laws that it is impossible to counter them.Has this issue been settled by the Apex court?

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Raj Kumar Makkad (Expert) 22 April 2010
No. These acts have prospective effect.

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