Legal Question in Civil Litigation in India
What is sarfasi act in banking sector
dr.thammineni
Asked on 10/08/10, 6:13 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
it is an act giving power to financial institutions with respect to defaulters who have defaulted in making payment of loans borrowed from financial institution including the power to attach mortgaged properties without orders from the court.
Answered on 10/08/10, 8:25 am
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