Legal Question in Securities Law in India
After taking possession under 13(4) SARFAESI, is it mandatory to publish the same in new paper. What is the recourse in case it is not published?
Asked on 9/25/09, 7:29 am
1 Answer from Attorneys
Seshadri Srinivasan
www.lawconcern.com
I assume you are the borrower. It is mandatory to publish the same in newspaper. If not the sale itself can be challenged.
S.Seshadri
Chennai Office Phones: 98403 20808/ 28515229
emails: [email protected]
Answered on 9/26/09, 5:00 am
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