Legal Question in Banking Law in India
sir, for our place bid is raised by auction on 10/3/2016, the amount is 4.75lacs but bank people is asking us to pay 6lacs, is there any other way to aquire our place with some assured amount
Asked on 3/15/16, 7:46 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
17.03.2016
Dear Sir / Madam,
The reserve price for the Bid is reviewed and decided by the Bank. You may participate in the bidding process and quote your price.
Regards,
Answered on 3/15/16, 8:28 pm
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