Proceedings under SARFAESI, Act for nonpayment of Home Loan
In this post we will discuss about a case wherein the the petitioner had obtained a house loan of Rs. 37 lakhs. Subsequently, on account of default in payment, a notice under Section 13(2)of the SARFAESI Act was issued demanding from the petitioner the defaulted amount. Proceedings under SARFAESI Act starts when borrower defaults 3 … Read more
