Sarfesai proceedings

01. Even a tenant can be evicted from the possession of the property while handing over the property to the banker. 02. No bank should get possession of the property of the defaulter without obtaining the permission U/s.14 of the said act. 03. After getting the possession of the property with the permission of the Court, the Banker shall make a public notice of auction and shall sell the property and after deducting/adjusting his debt including incidental expenses, if any remains, shall be credited to the borrowers account. 04. To my knowledge, as many times as the banker filed petition U/s.14 of the act, such many times, he can approach, raising the resjudicata if necessary. 05. The bankers can revoke OTS with the permission of their higher authorities, since they see only for recovery of the debts. 06. Some times, it may when it finds violation of rights under Constitution.