Wednesday, 22 October 2014

Bank not to succumb to disgenuous attempt of a woman; should follow SARFAESI norms

CL: Where petitioner had borrowed money from bank and upon being unable to repay same, bank had taken possession of secured asset pursuant to orders obtained by Court and since no law or any fact had been cited in petition for Court to deviate from procedure; bank was to be permitted to take steps in accordance with orders passed by Magistrate under section 14 of SARFAESI Act, 2002


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