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Dev Patel (owner)     23 May 2017

Sarfaesi notice from nbfc

one of my client received notice from NBFC for NPA account. The bank pasted the same on the door of shop . what should he do ? 



Learning

 3 Replies

shrenik (lawyer)     24 May 2017

Repay the loan else property will ne auctioned

adv.raghavan (Advocate,9444674980)     24 May 2017

Try to streamline account ASAP, if not contest the order in DRT.

adv nishant (Advocate)     28 May 2017

Mr Patel what is more worrisome for your client ,Nbfc issuing notice for NPA account to the client or the client being represented by someone who is clueless on what to do in this situation and is posting on forums for the way forward.


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