Legal Question in Banking Law in India

Acquisition - Co-op bank loan Assets

Can a Co-operative bank which has been existing under the State co-op Societies Act (in India)sell the NPAs A/c to the ARCIL ?


Asked on 2/04/09, 8:25 pm

4 Answers from Attorneys
J. Radhakrishnan independent Practice

Re: Acquisition - Co-op bank loan Assets

Yes, after getting consent from its controlling authority like District Registrar or other designated official under the respective Co-operative Societies Act.

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Answered on 2/04/09, 9:28 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Acquisition - Co-op bank loan Assets

You may need to check with the office of R.C.S.

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Answered on 2/04/09, 9:47 pm
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Acquisition - Co-op bank loan Assets

Hello.

Good Evening

You need to check with the RCS Office in your area.

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Answered on 2/05/09, 7:06 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Acquisition - Co-op bank loan Assets

contact a banking expert.

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Answered on 2/05/09, 9:22 am


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