Wednesday, May 5, 2021

Borrower cannot have grievance in against measures taken by financial institution under SARFAESI Act

FEMA amp; BANKING: Where it was open to respondent financial institution to invoke provisions of SARFAESI Act ,2002 against a borrower, which definition covers both principal debtor and guarantor, petitioner-borrower could have no grievance in respondent having resorted to measures under said Act of 2002 and if petitioner had any grievance against measures taken by respondent, petitioner had to approach appropriate Debts Recovery Tribunal under Section 17

from www.taxmann.com Latest Case Laws https://ift.tt/33eF4wn

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