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Can i take stay order to stop auction my property
28-Nov-2023 (In Banking / Finance Law)
can i take stay order to stop auction my property
If bank has initiated measures under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, than you are having remedy to file an application under section 17 of the Act to challenge the action of the Bank before Debts Recovery Tribunal. On demonstration of illegality on part of the Bank DRT will stay the auction proceedings.
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Adv. Vivek Shukla
Jabalpur | 25+ Answers
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