Legal Question in Credit and Debt Law in India
sarfaesi act 2002 and contract act 1872
Is the SARFAESI ACT applicable to Contracts.
Asked on 1/28/09, 12:23 am
1 Answer from Attorneys
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
Re: sarfaesi act 2002 and contract act 1872
The Act is applicable to money recoverable by banks from borrowers who fail to pay and commit a breach of their loan agreement / contract.
Answered on 1/28/09, 8:38 am