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Sarfaesi act for movable asset

(Querist) 20 October 2012 This query is : Resolved 
Sir,
Whether notice u/s 13(2) & 13(4)of SARFAESI ACT 2002 can be issued by the bank for taking possession of the movable assets like two or four wheelers ?
Thanks & warm regards,
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R.K Nanda (Expert) 20 October 2012
yes, if they are mortgaged to bank.

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