Saturday, September 22, 2018

Contention of borrower for invoking SARFAESI Act to sell agricultural land was not justified: HC

SARFAESI Act: Where until bank brought secured asset for sale, nowhere did borrower/guarantor took a plea that said asset was agricultural land, further, bank fixes reserve price of mortgaged properties taking highest of three valuations, contention of borrower that SARFAESI Act could not be invoked to sell agricultural land or that value of properties brought to sale was fixed too low was not justified

from www.taxmann.com Latest Case Laws https://ift.tt/2DnMsLP

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