Symbolic Possession

Harshpal (Querist) 16 October 2010 This query is : Resolved
What is symbolic possession? Can bank take symbolic possession of movables

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R.Ramachandran (Expert) 16 October 2010
Now a days I find that questions are being asked in a very abstract manner without giving factual background.
Please give a brief background of facts which give rise to your query, so that an appropriate answer could be given.

DEFENSE ADVOCATE.-firmaction@g (Expert) 16 October 2010
The query is about SARFAESI ACT.

Uma parameswaran (Expert) 16 October 2010
Bank can take.

Harshpal (Querist) 16 October 2010
I the bank can What is the procedure to take symbolic possession of movables

DEFENSE ADVOCATE.-firmaction@g (Expert) 17 October 2010
Every thing can not be defined in law but there are vast powers to lender under SARFEASI ACT. You can move DRT for counter claim for damages.

Vinoba (Expert) 17 October 2010
Hello,

SARFAESI Act gives ultimate veto/vast powers to banks.
L. Vinoba
Advocate
Pondicherry.

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