Tehsildar’s Possession Letter Does Not Restart SARFAESI Limitation: DRT Ludhiana

Advertisement Deepak Kumar Vs Authorised Officer (DRT Chandigarh) The Securitization Application (SA) was filed under Section 17(1) of the SARFAESI Act seeking to set aside the demand notice issued under Section 13(2), the possession notice issued under Section 13(4), and the order passed by the Chief Judicial Magistrate under Section 14. The applicants contended that their housing loan account became irregular during the COVID-19 period, that the Section 13(2) notice was not served upon one of the borrowers, the Section 13(4) possession notice was not served upon both borrowers, defects ex...