Legal Question in Banking Law in India
if reply to appeal under 13(2) A of sarfaesi act is sent after 7 days what are the implications
Asked on 7/04/10, 1:02 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
if no reply is sent within 7 days of the receipt of reply from the borrower for the notice under Sec.13(2) is issued, then the bank's further action under Sec.13(4) can be challenged validly
Answered on 7/04/10, 8:43 am
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