ARUL INBAA (PROFESSIONAL) 25 January 2012
SIR,
ONE OF MY CLIENT'S PROPERTY WAS AUCTIONED BY BANKERSUNDER SARFASSI ACT WITHOUT FOLLOWING PROCEDURE ADOPETED AS PER SARFASSI ACT. THE CAS IS PENDING BEFORE DRT. THE PROPERTY WAS SOLD AT THROUGH AWAY PRICES WITH SYNDICATION BETWEEN BANKER AND BUYER. IS THERE ANY POSSIBLILTY TO GET BACK THE PROPERTY BY PAYING CHARGED HOLDERS DUE.
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 25 January 2012
You have to follow the lengthy procedure of DRT, ADRT, HC and even SC to get justice.
Advocate Bhartesh goyal (advocate) 26 January 2012
If the bank has auctioned the property without following the procedure then you can challange the same by filing appeal u/s 17 of sarfessai act.
Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com) 28 January 2012
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