SeekingUrgentAdvise (Dir) 01 November 2009

wanted lawyer(del)-Banking (symbolic posesssion)

i have been served a notice under the sarfaesi and the symbolic posession has been taken by bank.

though my account has been declared NPA but i have been serving the interest against my OD and i have reduced the liability by 20% post the symbolic posession. (which was 4 days ago)

i am seeking some time to clear the liability as i am in the process of seeking loans against rental income that i have or liquidate some other property to clear debts.

you can contact me on 9891777777 or reports4manu@gmail.com

Rgds

Manu

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2 Replies

vivek dhavalikar (advocate high court.) 03 November 2009

since bank has processed under sarfesi act. so time can be seeked under that act only and no other way out. by except seeking time to deposit

Y V Vishweshwar Rao (Advocate ) 08 November 2009

You can file an application before the DRT and submit all the above facts and request for stay orders for certiain period - on some condtions , stay may be granted !