Thursday 22 May 2014

SC: Secured creditor couldn’t take possession of mortgaged property obtained by lessee under a valid

SARFAESI: There is no provision in section 13 that a lease in respect of a secured asset shall stand determined when secured creditor decides to take measures mentioned in section 13; without determination of a valid lease, possession of lessee is lawful and such lawful possession of a lessee has to be protected by all Courts and Tribunals


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