LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Kantilal (not yet)     13 September 2010

SARAFAESI Act, 2002

Dear Experts,

.

I have purchased one falt under SARAFAESI Act, 2002.

.

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

.

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????

.

Kindly help 

.

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

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register