Legal Question in Banking Law in India
Sale of Property in Sarfaesi Act 2002 Sale Certificate issued has the borrower right to reedem his property sale certificate not yet registered sale in June 2005 Appeal U/s 17 Sarfasei Act pending since sept 2005 Possession of property with tenants of old borrowers
Asked on 10/07/10, 8:50 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
If in the appeal under Sec.17 of the SARFAESI Act, you succeed, you can have the sale certificate issued in 2005 cancelled. You can also then redeem the mortgage by payment of the debt.
Answered on 10/07/10, 11:14 am
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