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sachin katariya (advocate)     02 February 2010

SARFAESI ACT 2002

In Securitisation Act can we attach and sold the property of guarantor though it was not at all mortgage (No charge is created) over the said property by the bank ? can we attached and sold the guarntors property  U/s 13(4) after given notice to him U/S 13(2) ? if yes plz. explain....

 



Learning

 3 Replies


(Guest)

No.  Only secured property can be attached and sold.

Rahul Gupta (Advocate)     02 February 2010

I agree with Mr. Menon.

 

R.K.SUNDERRAJ (LAWYER HUBLI,KARNATAKA)     04 February 2010

I agree with Anil Kumar Menon sir.


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