Property Auction SARFAESI & RDDBFI Act for Non Payment of Loans

Auction of Property under SARFAESI and RDDBFI Act for non payment of Loans

In this post we will talk about  the procedure for auction of property by bank if the borrower fails to pay his debt. The SARFAESI Act applies to loans above Rs. 1 lakh that are classified as NPAs. It excludes loans where more than 80% has been repaid and certain types of assets like agricultural … Read more

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