Legal Question in Banking Law in India

Sarfaesi Act 2002

after possessing a property thru sarfaesi proceedings, the borrower has entered into a private treaty with the bank and given consent to the bank to sell the property to any one whether sale notice should be given to the borrower ?


Asked on 1/03/09, 5:17 am

5 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Sarfaesi Act 2002

The Bank may or may not give notice to the borrower but it is advisable to give notice.

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Answered on 1/04/09, 11:26 pm
J. Radhakrishnan independent Practice

Re: Sarfaesi Act 2002

when the borrower has given consent to the Bank to sell the property to anyone the Bank likes, after possession is taken by the Bank,the Bank has to be cautious and give notice to the borrower of the offer received and secure his consent for such sale by private treaty.

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Answered on 1/04/09, 9:23 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Sarfaesi Act 2002

Your question is not clear as it is missing some facts.

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Answered on 1/03/09, 6:16 am
Prof.Somnath Mukherjee s.mukherjee associates,09874053359

Re: Sarfaesi Act 2002

Your question is not clear to me. However you are request to contact a lawyer or me in my given details.

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Answered on 1/03/09, 9:51 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Sarfaesi Act 2002

The Bank may still be required to act in a reasonable manner and follow the legal principles for disposal of the property.

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Answered on 1/03/09, 10:11 am


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