Legal Question in Banking Law in India
When a recovery certificate is obtained u/s 101 of Maharashtra Cooperative SOcieties Act 1960 by a Cooperative Bank, what is the validity period of the said certificate after which it becomes null and void. In other words whether recovery cannot be affected after the expiry of particular period form the date of recovery certificate.
Asked on 9/08/10, 12:03 pm
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
yes, but the certification may be obtained again after expiry of stipulated period.
Answered on 9/08/10, 11:50 pm
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