SERFAESI ACT2002
V.V.RAMDAS
(Querist) 20 May 2010
This query is : Resolved
Whether the Bank can accept a house built over a agriculture land as mortgage under Securitasation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2oo2(SERFAESI ACT2002) when it is specifically barred by Section 31(i) of the said Act.Recently Hon'ble SC had pronounced a judgement connected this provision. Have anybody would like to provide the suprime court decision on this issue.
