Legal Question in Securities Law in India
If a registered mortgaged property not registered with the ROC is in possession of the Bank under SARFAESI Act 2002 . What is the procedure to sale the said property by private sale Treaty under the Act & consequences thereof.
Asked on 10/04/09, 8:13 am
2 Answers from Attorneys
Seshadri Srinivasan
www.lawconcern.com
Consequences are both criminal and civil.
Answered on 10/05/09, 5:15 am
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