Monday 6 April 2015

Successors in interest couldn't exercise those rights under SARFAESI Act which weren't available to

SARFAESI: Where original lender of loan was not entitled to take an action under SARFAESI Act, successors in interest pursuant to any merger, transfer or assignment of debt could not exercise right under SARFAESI Act qua debt in question even though, successor was entitled to take action under SARFAESI Act


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