Symbolic Possession

Harshpal (Querist) 16 October 2010 This query is : Resolved
What is symbolic possession? Can bank take symbolic possession of movables

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R.Ramachandran (Expert) 16 October 2010
Now a days I find that questions are being asked in a very abstract manner without giving factual background.
Please give a brief background of facts which give rise to your query, so that an appropriate answer could be given.

DEFENSE ADVOCATE.-firmaction@g (Expert) 16 October 2010
The query is about SARFAESI ACT.

Uma parameswaran (Expert) 16 October 2010
Bank can take.

Harshpal (Querist) 16 October 2010
I the bank can What is the procedure to take symbolic possession of movables

DEFENSE ADVOCATE.-firmaction@g (Expert) 17 October 2010
Every thing can not be defined in law but there are vast powers to lender under SARFEASI ACT. You can move DRT for counter claim for damages.