Application under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, submitted by Authorized Officer ... left with no other alternatives than to initiate action under the Securitization Act. The petitioner issued a Demand Notice to the respondent herein in accordance
notice dated 23.06.2017 through private treaty is not sustainable as per Securitization Act and Rule 8(8) of the Security Interest (Enforcement) Rules, cannot
4505/2018/M2 Dated 06.04.2018
Sir,
Sub:- SARFAESI Act, 2002 - Securitization of Reconstruction of Financial Asset and Enforcement of Security Interest Act 2002 - Report
seek their remedy in terms of DRT Act, 1993 can still invoke the NPA Act, 2002 for realizing the secured assets without withdrawing or abandoning ... Section 17(1) of the NPA Act in the absence of any rule framed under the said Act
16. In the above well celebrated Judgment
power conferred by Section 9 of the Indian Stamp Act notifying that
instruments of securitization of loan or assignment of debts chargeable under Article ... securitization nor an
asset reconstruction company and was not registered with the Reserve Bank of India as required by
Section 3 of SARFAESI Act
demand notice dated 17.10.2013 under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 , calling upon you to pay the dues ... issued under Sect. 13(20 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) for recovery of the secured
under Sec. 13(2) of the Securitization and Reconstruction of the Financial Assets of Security Interest Act 2002.
For Petitioner : No appearance
For Respondent ... under Sec. 13(2) of the Securitization and Reconstruction of the Financial Assets of Security Interest Act 2002.
2. The issue as to whether Banks
bank will be constrained to initiate proceedings, under the SARFAESI Act , without further notice and advised the petitioner, to pay the arrears, within three days ... under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short ' SARFAESI Act
Debt
Recovery Tribunal, Chennai challenging the sale
made under the SARFEASI Act. By a detailed
order, it was dismissed. The said fact has not
been ... order under Secvtion 14 of SARFAESI Act , directing the 4th
respondent/Tahsildar to take possession of the securitization assset
and hand over the same
respondent under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, within such time frame as this ... hereunder.
Sir,
Sub: SARFAESI Act 2002 - Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act,
2002 - Petition Filed M/s.Asset Reconstruction
