Legal Question in Credit and Debt Law in India

Under Securitisation Act,2002 can a bank assign its security interest of a NPA company to an Assets reconstruction company only the mortage rights ( beneficial part) leaving the counter claim ( Liability part) pending against a bank prior to such assignemnet in a court of law ? Is it not that the assignmnet should be total attached to it at the time assignmmnet be it beneficial part or liability part?

Please answer me.

Nagaraj


Asked on 8/18/10, 9:25 pm

1 Answer from Attorneys
waquar ahmed Ahmed & Associates;

U can apply 2 the court 4 addition of party in ur counter claim and ask for the stay against such company.

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Answered on 8/25/10, 11:23 am


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