Thursday, January 2, 2020

Properties acquired by ARC along with underlying security interest not to be attached without reason to believe

FEMA BANKING AND INSURANCE LAWS: Where an asset reconstruction company acquired outstanding loans of banks/financial institution along with underlying securities including charge over mortgaged properties, attachment order of said properties was to be set aside as no reason to believe was provided and subject properties were acquired prior to commission of alleged offence

from www.taxmann.com Latest Case Laws https://ift.tt/36iHPN5
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