LCI Learning
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

N.K.Assumi (Advocate)     01 June 2010

SARFAESI Act and Limitation act?

Can the financial Institutions enforce security interest of the barrowers whcih is hit by the Limitation Act? 


 2 Replies

Dinkar Vidyarthi (Advocate)     02 June 2010

Dear Sir,

             I think that Law of Limitation is a portion prima facie considerable by the judge and advocates in any proceeding in court. it has a most important feature and based on so many maxims like law help those who are vigilant and not make pillow of their rights( Legal) to Sleep.

so after issuing a notice under sec 13 SARFAESI Act, if any bank of financial institution does not go for proper relief from authority with in time then definately you have a right to get quashed the same and oppose any condonation of delay application for such delay.



Dear SKJ

I think plea of limitation should be taken at first stage otherwise you'll loose the limitation plea therefater in appeal. 

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register