we had asked for reschedulement of our agriculture finance loan as we were severely affected by prevailing global crisis since last six months.for first four months they did not consider our request after that they straight way rejected our proposal. Then also we gave another request and we filed a civil suite in the local court. The court has already served notice to the bank. The banks lawyer has already submitted his v.p. After three dates in the court they have not filed any reply. But the manager of the bank came to issue the SARFAESI NOTICE which we have not accepted. Can the bank give the sarfaesi notice after the matter is subjudicial.? If the bank issues notice by force can can local court intervene?
