Under SARFAESI Act bank has taken physical possession of the property but after that borrower has broken the seal and enter into the premises and started staying in the flat. Now, I would like to know that What will be the further consequences of the this illegal act done by the borrower..?, Whether bank has to re-apply before the court for taking back their already possessed property..?, How much time it will take for that..?, Whether said borrower can be arrested? Is is it bailable offense..? Whether bail will be in court or police can also give a bail..?
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