India | Banking Law
6/20/09, 11:34 am
Legal Question
sarfaesi act......
applicant + co-applicant applied for higher education loan of rs.30 lacs.
- subsequently after 20 months, dispute between applicant and co-applicant. - applicant asks co-operative bank to bifercate liability of both the applicant and the co-applicant.- bank is silent- issues notice under sarfaesi act to pay within 60 days or else.....without issuing liability figures of both the individuals, can the bank move ahead with its plans,,,,kindly assist
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