SARFAESI Act and DRT Act

Sambhav Jain (Querist) 22 February 2010 This query is : Resolved
A public Ltd co issues Fully Secured NON convertable debentures to LIC MF. The total outstanding due are Rs.10 crores including principal and interest. Later LIC MF has assigned its debt to a PVT Bank. and Deed of assingment has been executed.

My question is that whether Pvt Bank has any right to claim under SARFAESI act or DRT Act even though LIC MF has no right under SARFAESI and DRT Act

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