Legal Question in Real Estate Law in

Is LIC Housing Finance Ltd. is authorised to proceed under SARFAESI Act for recovery of defaulted dues?


Asked on 10/09/10, 3:40 am

2 Answers from Attorneys
Vishwa Arya Arya & Co.

it is a very interesting question and would need to be examined if it would fall in the purview of definition of bank as contemplated under SARFAESI Act. It would require some research. Either you may speak to any lawyer on fact basis or get back to us after a few days

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Answered on 10/09/10, 4:48 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

yes

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Answered on 10/09/10, 8:54 am


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