Legal Question in Credit and Debt Law in India

as per section of 13(2)Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002,can bank send notice to firm whose stock is burnt and claim yet not to decide.

any legal decision on this matter to save may property.


Asked on 11/19/11, 1:02 am

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

the bank is well within its jurisdiction to send notice but it is the debtor who has to prove that hsi records were burnt.

Read more
Answered on 11/19/11, 2:06 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in India