Legal Question in Banking Law in India
what is the time period for taking physical possession of the property, after issuing notice under section 13(4)
Asked on 10/05/09, 8:56 am
3 Answers from Attorneys
J. Radhakrishnan
independent Practice
there is no time prescribed in the Act or rules. However it has to be done within three years from the expiry of 60 days of the receipt of notice to avoid bar of limitation
Answered on 10/05/09, 11:12 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
I agree.
Answered on 10/05/09, 1:35 pm
Seshadri Srinivasan
www.lawconcern.com
Only after a legally valid notice, the limitation will begin to run.
Answered on 10/06/09, 2:04 am
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