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Jimmy Fernandes (Advocate)     22 March 2014

Co-operative bank can falls under sec 14 of SARFAESI Act??

Whether a Co-operative Bank can file and application before the Megistrate Tribunal under section 14 of Securitization and Reconstruction of Financial Assets Act 2002?

And Whether the Tribunal is having jurisdiction to entertain such application of Co-operative bank??



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 2 Replies

Jimmy Fernandes (Advocate)     22 March 2014

No one to help me out on this????:(

vivek dhamankar advocate (Partner)     29 March 2014

Yes, at least in Maharashtra. they have been included in the definition of "bank" under Securitisation Act. 

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