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M/S Seth Banshidhar Kedia Rice Mills ... vs State Bank Of India on 18 July, 2012

Section 17 of the SARFAESI Act speaks of the remedies available to any person, including the borrower, who may have grievance against the action taken by the secured creditor by any of the measures provided under sub-section (4) of section 13. Such an aggrieved person can make an application to the Debts Recovery Tribunal within 45 days from the date on which action is taken under that sub-section. Section 18 provides for an appeal to the Appellate tribunal against any order made by the Debts Recovery Tribunal. We have earlier also made reference of these provisions in M/s Seth Banshidhar Kedia Rice Mills Pvt. Ltd. Vs. State Bank of India, AIR 2011 Madhya Pradesh 205.
Madhya Pradesh High Court Cites 1 - Cited by 24 - Full Document
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