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Kantilal (not yet)     13 September 2010

SARAFAESI Act, 2002

Dear Experts,

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I have purchased one falt under SARAFAESI Act, 2002.

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Now society is demanding Court Order which gives permission to Bank to sell the said flat under auction under SARAFAESI Act, 2002.

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But bank denies to give any such order. I want to know that, is there any Court Order required to be obtained under SARAFAESI Act, 2002????

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Kindly help 

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Thanks in advance.



Learning

 1 Replies

M. A. Khan (advocate)     14 September 2010

Under SARAFEASI Act, banks are authorised to auction the flats without any court orders.  Once u purchased the flat sale certificate issued  in your favour, duly stamped and registered is  more than sufficient. Adv khan

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