Legal Question in Business Law in India

tenant rights under sarfaesi act

i am a tenant since last 8months.the owner has been issued sarfaesi notice he has taken loan 2 years back.will i have to vaccate the premises.the other 2 tenants r there for past 10 years,what will be there status under it.please guide.Thanks


Asked on 6/30/09, 2:51 pm

4 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: tenant rights under sarfaesi act

The lender may be entitled to take possession of the premises and may evict the tenants through Magistrate / Police after Section 13 proceedings are completed. All the tenants may have to vacate the premises.

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Answered on 6/30/09, 10:28 pm
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: tenant rights under sarfaesi act

contact a local banking/drt lawyer

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Answered on 7/01/09, 2:56 am
Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

Re: tenant rights under sarfaesi act

Obviously,subject to the owner settles the case before the verdict.

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Answered on 7/01/09, 5:06 am
Pranav Desai PD Legal & Associates

Re: tenant rights under sarfaesi act

The property whenever it is sold will be along with the tenancy right.

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Answered on 7/07/09, 2:02 am


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