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 ?

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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..

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