HELLO
MY QUIEREY IS REGARDING ISSUANCE OF DEMAND NOTICE UNDER SARFAESI ACT BY BANK
AFTER ACCOUNT CLASSIFYING NPA A DEMAND NOTICE U/S 13(2) OF SARFAESI ACT WAS ISSUED .THE BORROWER PAID THE OVERDUES AMOUNT WITH IN THE NOTICE PERIOD AND THE ACCOUNT BECAME PA. IN THE NEXT QUARTER THE ACCOUNT AGAIN CLASSIFIED AS NPA. WHETHER THE EARLIER NOTICE WILL SURVIVE OR A FRESH DEMAND NOTICE TO BE ISSUED EVERY TIME.
IAM A BANKER PLEASE POST YOUR VALUABLE VIEWS WITH SUPPORTED CASE LAWS ITS VERY URGENT.
THANKS IN ADVANCE.
