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Sagnik (Management Trainee)     15 October 2012

Arc holding a bank's npas in form of a trust move to drt ?

Dear All,

Will an asset reconstruction company able to move to DRT if it takes an NPA from a bank in form of a TRUST ??

Regards,

Sagnik Sanyal



Learning

 2 Replies

RAJU O.F., (Advocate)     15 October 2012

The registered Asset Reconstruction company cna stepon to the shoes of the lender bank and can proceed before DRT for recovery.


(Guest)

I endorse the views of Shri Raju.


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