sarfaesi act rule 8

S. Fernandes (Querist) 26 July 2015 This query is : Resolved
Is compliance of rule 8, under sarfaesi act mandatory

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Dr J C Vashista (Expert) 27 July 2015
Find out yourself and tell me as well.

P. Venu (Expert) 27 July 2015
What is your problem?

Rajendra K Goyal (Expert) 27 July 2015
Academic query, no reply.

R.K Nanda (Expert) 27 July 2015
state real facts, if any.

S. Fernandes (Querist) 01 August 2015
My problem is bank has taken possession after advertising notice under rule 8, in one daily news paper. Whereas rule 8 under sarfaesi act 2002 requires notice to debtor to be published in two dailies one in vanacular. Also the publication made says symbolic possession is taken but bank is getting ready to auction the property. Is this possession valid???

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