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Recovery of property from SBI purchase under SARFAESI ACT 2002


31-Aug-2023 (In Banking / Finance Law)
After full payment SBI handed over the 3254sq.ft. only. Balance 507.75 sq.ft.is under possession by SBI. The news paper advt and Er"s valuation report mentioned the property possession taken by SBI. SBI told this auction conducted by AS SI WHERE IS BASIS. So I cannot give the balance area. Now this area occupied by others with support of SBI. How to recover the balaNce area from SBI. .
Answers (1)

Answer #1
848 votes
Hi,

Your query was not complete, please tell the complete details. Whether you bought the property through auction? Did the debtor mortgaged the complete property or only the 3254 Sq.ft? From where the 507...sq.ft come from? From your query am not able to make out/understand your doubt.

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