Legal Question in Banking Law in India
Should or can a banker resort to the powers under s.13[2] & s.13[4] of the sarfaesi act. without exhausting the options u/s 9 of the said act, viz a one time settlement etc. or is it that it is bank discretion to choose any option u/s 9 of the sarfaesi act unilaterally since it appears s.13 is not independent of s.9
Asked on 10/06/10, 11:35 pm
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
Sec.9 foes not provide for one time settlement. that is all
Answered on 10/07/10, 11:20 am
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