Legal Question in Banking Law in India

bank has issued a sarfaesi notice. wheather can we go for a legal remedy to stop futher proceedings from the bank

Asked on 10/26/09, 11:53 am

5 Answers from Attorneys

Seshadri Srinivasan www.lawconcern.com

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You can reply to the legal notice or you can approach the High Court if there is any apparent error in the notice.

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Answered on 10/26/09, 8:39 pm

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Nagendra Naik LegalScrutiny

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file an appeal u/s.17 of the SARFASI Act. email:[email protected]

Answered on 10/26/09, 10:44 pm

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J. Radhakrishnan independent Practice

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If it is only notice under Sec.13(2) you have only to reply to it if you have valid objections to the contents of notice. Only after issue /publication of Notice under Sec.13(4) you can file an application before the DRT under Sec.17 within 45 days of the receipt of notice.

Answered on 10/27/09, 4:26 am

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Pravin Vaidya Independent

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Please send suitable reply within the timelimit prescribed.

Answered on 10/29/09, 9:38 am

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