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Kolkata advocate (Advocate)     18 May 2018

In case borrower files sarfaesi application nd DM permission

1)How much time it generally takes for banks to get DM permission for section 14 sarfaesi act to get physical possession in case borrower has filed sarfaesi application within 45 days? 2)Can the bank avoid drt SA case and giving written objection to borrower's SA filing if they cannot substantiate NPA measures to court and still proceed for physical possession by getting DM permission ? 3)Does it require to suppress the fact THAT the SA matter is pending in Drt while applying for DM permission for Section 14? 4)what if the borrower challenges the section 14 on the ground that bank didn't furnish their written objection and still trying to get physical possession of the property? Does it amount to fraud as the advocate who represents bank has suppressed facts in DM application?


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