Banking

P.S.Subbaraman (Querist) 23 July 2009 This query is : Resolved
A Banker initiates action under SARFESI and a purchaser takes the property in auction and a symboic possession alone is handed over . My query is whether the purchaser can seek possession without the banker's help ? Does the Act permit the same? Any case laws on the above subject ?

Follow Query

Report Abuse

Virender Negi (Expert) 01 October 2009
the act doesnt gives any power to the individual purchaser.. he has to go through the normal procedure under civil law for taking possession..

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

How to remove other right from agricultural land
Obc caste certificate
138 ni act
Justice denied
Malicious prosecution
Double registration of land court proceedings.
Country club membership fraud and false promises
Obtaining copy of the judgment from madras high court - reg.
Rejoinder reply
Registered lease agreement not cancelled

Purchase of goodwill for ca firm
How to expose cheating spouse
False allegations
Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Ucc laws on inheritance
Procedure for getting copy of the lost title deed
Family settlement
Complaint against medical facility
Legal opinion on baseless legal notice and law