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
Appellant issued possession notice under Section 13(4) of SARFAESI Act read with Rule 8(1&2) of Security Interest (Enforcement) Rules ... possession of the said property. Appellant has thus initiated action under Securitization Act to realise the loan amount by proceeding against the security. When
Appellant issued possession notice under Section 13(4) of SARFAESI Act read with Rule 8(1&2) of Security Interest (Enforcement) Rules ... possession of the said property. Appellant has thus initiated action under Securitization Act to realise the loan amount by proceeding against the security. When
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
undertaking against which proceedings have been initiated under the Securitization Act. The counsel for the second respondent bank would submit that the proceedings for sale
KIRANLAL
MANU RAMACHANDRAN
T.S.SARATH
RESPONDENT:
THE AUTHORIZED OFFICER,
UNDER SECURITIZATION ACT, STATE BANK OF INDIA,
STRESSED ASSET RECOVERY BRANCH, LMS COMPOUND,
OPP. WEST
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
hereinafter referred
to as Arcil), A Securitization
& Asset Reconstruction Company
Incorporated under the Companies
Act, 1956 , having its registered
office at Times Tower ... Financial Assets
and Enforcement of Security Interest Act, 2002 (hereinafter referred to as
? SARFAESI Act ?). The said notice has been issued by the second respondent
District Magistrate/
Dated : 27.01.2017 District Collector, Tiruvallur
HEARING NOTICE
Sub: SARFAESI Act 2002 - Securitization and Reconstruction of Financial
Assets and Enforcement of Security interest Act
petitioner under Section 14 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, within a time frame to be fixed ... filed under Section 14 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, within the time frame fixed by this
