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somnath mallick (member)     04 December 2020

Need answer. urgent.

non tribal property purchase by tribal, home loan taken from bank and the said loan turned into NPA,is the sarfaesi act enforceable


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 3 Replies

G.L.N. Prasad (Retired employee.)     05 December 2020

As per my knowledge the acts speaks of borrowed amount recovery and there was no such distinct protection to any class of borrower on such caste basis..  Whatever can be recovered through court can be followed as per eligibility by the bank under the Act.

Isaac Gabriel (Advocate)     05 December 2020

No concession or liberty provided in searfasi.Act.

Dr J C Vashista (Advocate)     07 December 2020

The provisions of SARFAESI Act are applicable.

Seek professional service of a local prudent lawyer for better appreciation of facts/ documents, proper advise and necessary proceeding.


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