Monday, March 1, 2010

Recovery Certificate _ Applicability of Securitisation Act.

Bank resorted to the procedure under Cooperative Societies Act upto stage of certificate u/s 101 _ Bank could not have resorted to the provisions of section 14 of Securitisation Act for giving effect to the Recovery Certificate.
Smt. Nikhahat Parvin w/o Sekh Khalil Vs. Union of India through the Secretary, Ministry of Finance & ors. 2010 (2) LJSOFT (URC) 2

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