Rddfi act 1993

Querist : Anonymous (Querist) 10 October 2011 This query is : Resolved
a. Can a bank file an oa for recovery of debt by combining two loans of less than Rs 10 lacs sanctioned at two different places on two different dates.

b. Can a bank file an oa for recovery of debt when there is no mortgage of any type.

c. power of po in allowing combining of loans of less than 10 lacs.

d. power of in condonig delay of few days/few weeks under limitation act.

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Guest (Expert) 10 October 2011
REGARDING (D)_ there is no condonation of delay under limitation act in initiation of proceedings

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