Legal Question in Banking Law in India
who can be appointed as Advocate commissioner by CMM court u/s 14 of SARFAESI Act for taking possession of the secured property by bank?
Asked on 6/30/13, 10:42 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
The courts usually maintain a panel of Advocates of the City out of whom the court can choose. It normally does one by one. Sometimes, the bank may suggest a better candidate, if it finds that the Advocate Commissioner opted by the Magistrate is inexperienced or very junior to execute the warrant.
Answered on 7/10/13, 5:42 pm
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