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PRAMOD KUMAR SHUKLA (NO)     06 October 2013

Defaults in agriculture loans

Dear Experts

             As a Banker we often  sanctioning the Kisan Credit Cards and other Ariculture loans to Agriculturists on Collateral security of agriculture land. The charge created over agriculture land. The most agriculture loan became NPA. My question is-

1 Can amount be recovered by selling of charged agriculture land?

2 Is there any restriction  on auction of charged land holding of small and marginal farmers?

3 The district administration is not supporting and civil suit has life long pendency?

4 Speedy recovery measures?



Learning

 2 Replies

RAJU O.F., (Advocate)     08 October 2013

Agricultural properties are exempted from SARFAESI proceedings. Hence your remedy is only to proceed in jurisdiction court/DRT.

Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com)     08 October 2013

Dear Querist

you are branch manager, you should consult with your legal department.


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