Even issuance of notice under Section 13(4) and Rule 8 - Bank not physically dispossess the borrower - wait till it takes steps to conduct actual sale i.e.till issuance of notice under Rule 8(6) - otherwise the borrower doesn't confer any right to take recourse to section 17(1).

Even issuance of notice under Section 13(4) and Rule 8 - Bank not physically dispossess the borrower - wait till it takes steps to conduct actual sale i.e.till issuance of notice under Rule 8(6) - otherwise the borrower doesn't confer any right to take recourse to section 17(1).

Citation

2018(5) CTC 113

N.C.M.L.Industries Ltd vs Debts Recovery Tribunal

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