Legal Question in Banking Law in India

sarfesi act

we purchased movable property actioned by bankers under sarfesi act.how much time they take to give the sales deed.


Asked on 5/21/09, 4:43 am

3 Answers from Attorneys
J. Radhakrishnan independent Practice

Re: sarfesi act

Normally two weeks time should be sufficient for the bank to provide the sale deed and you will be asked to bear the expenses for registration. If they don't do it, send them a notice by regd.post ack.due to complete it within a specified time and if they fail, take up the matter with Banking Ombudsman.

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Answered on 5/21/09, 9:34 am
Pranav Desai PD Legal & Associates

Re: sarfesi act

Well!!! there is no time limit specified in the act. Ordinarily, it should given to you within a reasonable time i.e 2-3 weeks.

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Answered on 5/25/09, 6:13 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: sarfesi act

There is no time limit stipulated for the purpose.

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Answered on 5/21/09, 11:14 pm


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