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Filing of original suit

(Querist) 27 September 2015 This query is : Resolved 
Bank gave loan Rs.18 lakhs to purchase diesel generator under Hypothecation agreement .Party has removed the generator set .Now it is not traceable.Can the bank initiate proceedings under RDDBFI Act or is it sufficient to file original suit i civil court for recovery of money Pls advise
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P. Venu Online (Expert) 28 September 2015
Certainly, a suit could be filed.
Rajendra K Goyal (Expert) 29 September 2015
Suit can be filed.

File criminal complaint for removing the hypothecated property.

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